Casino and Gaming Business May Be Poised for a "High-Rolling" 2012
27 Abril 2012 - 9:20AM
Marketwired
The Resorts & Casinos Industry has provided impressive gains
for investors in 2012, the Market Vectors Gaming ETF (BJK) has
gained nearly 22 percent year-to-date. "The casino and gaming
business may be poised for a high-rolling 2012, thanks to signals
both domestically and abroad that may bode well long term for the
sub-industry," said S&P Capital IQ in a recent report. The
Paragon Report examines investing opportunities in the Resorts
& Casinos Industry and provides equity research on MGM Resorts
International (NYSE: MGM) and Caesars Entertainment Corp. (NASDAQ:
CZR).
Access to full reports can be found at:
www.ParagonReport.com/MGM
www.ParagonReport.com/CZR
The big casino companies have been increasingly reliant on Asia
to fuel growth. The Chinese gambling market grew over 32 percent
annually in the last 5 years. Despite concerns over China's
economic growth analyst predict gaming revenues from China to
remain "healthy" in 2012 as market penetration for gaming in China
is still relatively low. According to PricewaterhouseCoopers,
"Macau is set to become the world's biggest gaming market in 2013
and it expects Macau to almost double its revenues over the next
five years, accounting for about a third of total global casino
earnings."
Paragon Report releases regular market updates on the Resorts
& Casinos Industry so investors can stay ahead of the crowd and
make the best investment decisions to maximize their returns. Take
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MGM recently announced the appointment of William M. Scott IV to
serve as Senior Resident Executive for Greater China. In this role,
Mr. Scott will serve as the Resident Director of Diaoyutai MGM
Hospitality, Ltd., MGM's joint venture with Diaoyutai State
Guesthouse to promote hospitality projects in China. He will also
act as MGM Resorts' resident director for MGM China Holdings
Limited, which owns MGM Macau.
Caesars Entertainment Corporation is the world's most
diversified casino-entertainment company. Since its beginning in
Reno, Nevada, Caesars has grown through development of new resorts,
expansions and acquisitions and now operates casinos on four
continents. The company will host a conference call on Tuesday, May
1, 2012, at 2 p.m. Pacific Time to review its first-quarter
results.
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The Paragon Report has not been compensated by any of the
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