Equity Research on MGM Resorts International and Melco Crown Entertainment Ltd. - Resorts and Casinos Seeing Growth but Still...
13 Setembro 2012 - 9:00AM
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For companies in the resorts and casinos industry, such as MGM
Resorts International and Melco Crown Entertainment Ltd., weak
economic growth and high unemployment in the U.S. coupled with the
Chinese slowdown and Europe's crisis seem to be causing a drag.
Nevertheless, this summer has included some encouraging figures
from the world's largest gambling centers, Macau and Las Vegas. Get
your free reports on MGM Resorts
International and Melco Crown Entertainment
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Recently released figures from the Nevada Gaming Control Board
show that in July gambling revenue in Nevada jumped 17 percent to
$1 billion as the Las Vegas Strip's take grew 28 percent.
Meanwhile, Macau achieved its second highest monthly result in
August as gaming revenue increased 5.5 percent to $3.3 billion. The
Melco Crown Entertainment Ltd. report is
accessible for free by registering today at
http://www.ShinesRooms.com/MelcoCrownEntertainmentLtd130912.pdf
Some industry players are looking to new projects as a way to
expand their market share and profits. For example, MGM recently
announced plans for a gambling resort in Massachusetts worth around
$800 million. If U.S. economic growth continues to gain traction
and the pace of the recovery improves, companies could benefit from
operations in the region; however, many still seem to feel that
Asia holds the biggest opportunities for growth. The MGM Resorts International report is accessible for free
by registering today at
http://www.ShinesRooms.com/MGMResortsInternational130912.pdf
The two Resorts & Casinos stocks
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MGM Resorts (NYSE:MGM)
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