Stronger Domestic Market Assists in MGM Resorts and Boyd Gaming's Turnaround
15 Novembro 2011 - 11:16AM
Marketwired
Not long ago, the health of the casino and resorts industry was
centered on the success of Las Vegas properties. While certainly
still important, Las Vegas has taken a back seat to the exploding
gaming markets of Macau and to a lesser extent, Singapore.
Additionally, the non-Vegas domestic market is also performing
relatively well, considering the current status of the economic
recovery within the US. The Paragon Report examines the outlook for
the Resorts and Casinos Industry and provides equity research on
MGM Resorts International (NYSE: MGM) and Boyd Gaming Corporation
(NYSE: BYD). Access to the full company reports can be found at:
www.paragonreport.com/MGM www.paragonreport.com/BYD
Macau, currently the only Chinese city with legalized gambling,
has witnessed tremendous growth in the last few years. Macau's
Gaming Inspection and Coordination Bureau reported earlier this
month that gambling revenue on the small island jumped 39 percent
to 21.2 billion patacas ($2.6 billion) in September, reflecting
continued growth in the world's largest gambling market despite
plunging casino stocks. September's revenue figure was expected to
fall short of August's record $3.1 billion due to seasonal
factors.
The Paragon Report provide investors with an excellent first
step in their due diligence by providing daily trading ideas, and
consolidating the public information available on them. For more
investment research on the resorts and casinos industry register
with us free at www.paragonreport.com and get exclusive access to
our numerous stock reports and industry newsletters
On the domestic side of the industry, some gaming companies are
still expanding. Boyd Gaming Corp. recently completed the
acquisition of the IP Casino Resort Spa in Biloxi, Mississippi and
could help the company grow revenues in the coming months.
Casino operators MGM Resorts International and Boyd Gaming Corp.
are teaming with a major European online poker operator to prepare
to offer Internet gambling in the United States if it's ever
explicitly legalized. Not all online gambling stopped in the U.S.,
and several poker websites flourished after the 2006 law passed.
But the Justice Department has cracked down on several top sites,
including PokerStars, Full Tilt Poker and Absolute Poker, accusing
their executives of money laundering and fraud.
The Paragon Report has not been compensated by any of the
above-mentioned publicly traded companies. Paragon Report is
compensated by other third party organizations for advertising
services. We act as an independent research portal and are aware
that all investment entails inherent risks. Please view the full
disclaimer at http://www.paragonreport.com/disclaimer
Add to Digg Bookmark with del.icio.us Add to Newsvine
MGM Resorts (NYSE:MGM)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
MGM Resorts (NYSE:MGM)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024