Analytical Reports on Las Vegas Sands Corp. and MGM Resorts International - Casinos Encouraged by Better Results on the Strip
13 Março 2012 - 9:20AM
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Gambling revenue in Las Vegas climbed 29% in the first month of
the year and gaming companies are hoping to maintain that momentum.
The uptick in revenues was mostly attributed to better returns from
baccarat and Chinese New Year. It will be interesting to see if
this was the start of a comeback for Vegas or merely an
aberration.
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MGM Resorts International is among companies that could stand to
benefit from the uptick in domestic gaming revenues moving forward.
MGM reported that domestic revenue improved 8% in the fourth
quarter over the prior year. www.SignalWatcher.com gives traders a
unique insight about MGM Resorts
International by registering now at
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Better domestic revenues were certainly positive but
international holdings will likely fuel the major gains this year.
Las Vegas Sands Corp. has already done an admirable job growing its
operations in Singapore and China and could see even better results
this year. The company saw profits jump 17% in the fourth quarter.
www.SignalWatcher.com gives traders a unique insight about
Las Vegas Sands Corp. by registering now at
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Moving forward, better domestic revenues will certainly help
nearly all casinos but the best growth opportunities appear to be
outside the U.S. Casino companies growing operations in Asia could
be best positioned to widen margins this year.
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