Las Vegas Sands and MGM Benefit From Macau Growth and Nevada Recovery
08 Março 2012 - 10:20AM
Marketwired
Year to date, gaming stocks have outperformed the broader market as
consistent growth in Macau and a recovering Las Vegas strip
continue to attract investors to the Resorts and Casinos Industry.
In 2012, the Market Vectors Gaming ETF (BJK) -- which replicates an
index consisting of publicly traded companies engaged in the global
gaming industry -- is up roughly 11 percent. The Paragon Report
examines the outlook for the Resorts and Casinos Industry and
provides equity research on Las Vegas Sands Corporation (NYSE: LVS)
and MGM Resorts International (NYSE: MGM). Access to the full
company reports can be found at:
www.paragonreport.com/LVS
www.paragonreport.com/MGM
Gambling revenue in Macau rose 22% in February from a year
earlier, according to data released last week by Macau's Gaming
Inspection and Coordination Bureau. "Given the shift in the 2012
Chinese New Year calendar from February to January, we believe it
is more relevant to evaluate gross gaming revenues year-to-date,"
Stifel Nicolaus Capital Markets gaming analyst Steven Wieczynski
told investors.
The rate of growth failed to keep up with January, when tourists
from mainland China traveling during the New Year week drove casino
revenue 35 percent higher.
The Paragon Report provides 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.
Meanwhile in Las Vegas, strip casino gambling revenue rose 3.6
percent last December, bringing the full-year gain to 5.1 percent
for a second annual increase as a recovery in the biggest U.S.
betting city strengthened. Convention attendance climbed 9.2
percent in the 11 months through November, total visitors rose 4.4
percent and average daily room rates at hotels gained 11 percent,
the Las Vegas Convention and Visitors Authority reported.
Statewide in Nevada, casinos collected $10.7 billion in gaming
revenues in 2011, a 2.8 percent increase over 2010 and the highest
annual jump in four years.
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