macao

The rest of 2016 could be a wild ride for gaming & leisure investors, but a number of stocks in the space may still have significant upside ahead. According to Stifel analyst Steven Wierczynski, gaming & leisure stocks will likely continue to be unpredictable and volatile. Gaming Group...

Gaming revenue in the month of August for Macau came in at 18.8 billion patacas, breaking Macau’s string of 26 consecutive months of year-over-year revenue declines. This figure, according to data released by the Macao Gaming Inspection and Coordination Bureau, is about 1.1 percent higher...

The Market Vectors Gaming (ETF) (NYSE: BJK) is up nearly 10 percent year-to-date, but that is not preventing some short sellers from targeting some of the gambling exchange-traded fund's holdings, particularly those of the Macau variety. Global Exposure Overall, BJK features exposure to 15...

Gaming revenue in the month of July for Macau came in at 17.7 billion patacas. This figure, according to data released by the Macao Gaming Inspection and Coordination Bureau, is about 4.5 percent lower than July 2015’s number. The 4.5 percent decline actually beat analysts’ low...

With revenue in the world's largest gaming destination — Macau, China — still depressed, casino investors are looking to the state of Nevada for some much-needed revenue growth this year. The state's gaming control board has released its report on gaming revenue for the month of...

After registering 25 consecutive months of year-over-year gross gaming revenue (GGR) declines, early numbers out of Macau for the month of July suggest the gaming hub could be on pace to deliver its first revenue growth in more than two years. However, JPMorgan is not impressed. Analyst Joseph...

JPMorgan’s Joseph Greff believes the prior estimates for Las Vegas Sands Corp. (NYSE: LVS)'s Macau same-store revenue for 2Q16 could prove to be too aggressive. Greff maintains a Neutral rating on the company, while lowering the price target from $52 to $47. Estimates Lowered The analyst...

According to data released by the Macao Gaming Inspection and Coordination Bureau, gaming revenue in the month of June came in at 15.8 billion patacas, about 8.5 percent lower than June 2015’s number. The 8.5 percent decline actually beat analysts’ low consensus expectations of a 9.5...

Wynn Resorts, Limited (NASDAQ: WYNN) has once again delayed the opening of its Macau Resort — Wynn Palace — and now sets an opening date of August 22, 2016, according to a press release. Last year, Wynn said it would open its new resort, which is situated on the Cotai area of Macau, in...

In the past six weeks, Citi analyst Anil Daswani has met with more than 100 institutional investors from around the world to discuss the outlook for Macau gaming stocks. According to Daswani, investors are still cautious on Macau, but many admit that the long-term free cash flow (FCF) story is...

With revenue in the world's largest gaming destination — Macau, China — still depressed, casino investors are looking to the state of Nevada for some much-needed revenue growth this year. The state's Gaming Control Board has released its report on gaming revenue for the month of...

The Macau Gaming Inspection Coordination Bureau has placed yet another restriction on the Macau gaming market by banning “proxy betting” starting this week. The recent corruption crackdown in Macau has spooked many VIP high-roller gamblers away from the casinos, but others have been...

It may finally be time for investors to start dipping their toes back into Macau casino stocks. However, Goldman Sachs analyst Simon Cheung believes investors still need to be selective. According to Cheung, Wynn Resorts, Limited (NASDAQ: WYNN) and MGM Resorts International (NYSE: MGM) are Goldman...

It may be premature for Macau casino investors to get too excited about the better-than-expected April gross gaming revenue numbers. JPMorgan analyst DS Kim believes that the majority of the first leg of the Macau recovery rally in stocks has already run its course. According to Kim, Macau...

According to data released by the Macao Gaming Inspection and Coordination Bureau, gaming revenue in the month of April came in at 17.3 billion patacas, about 9.5 percent lower than April 2016’s number. The 9.5 percent decline came up short of analysts’ consensus expectations of a 13.5...