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Casino Stocks Under Pressure Amid Concerning Results From Macau's SJM
Wednesday, February 24, 2016 - 1:12pm | 310Read More...Casino stocks were trading lower on Wednesday following Macau-based SJM Holdings' concerning full year 2015 results. SJM Holdings is one of six companies authorized to operate casinos in Macau. The company reported that its total 2015 gaming revenue fell to HK$48.59 billion ($6.25 billion)...
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Macau Turnaround Could Have Casino Stocks On Track
Sunday, June 28, 2015 - 9:06pm | 621Read More...Some long-hoped-for stabilization in the world’s largest gaming hub has been good news for those investing in casino stocks. As Barron’s noted recently, analysts at Credit Suisse finally found some “green shoots” in the May gaming data from the Chinese island of Macau...
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5 Weeks Until Judgement Day In Macau
Friday, April 24, 2015 - 12:51pm | 378Read More...In a new report, analysts at Deutsche Bank discuss the economics of the new Cotai strip resort properties being developed in Macau. With the May 27 Galaxy opening just five weeks away, analysts are not convinced that new Cotai properties will be able to pull their own weight when it comes to...
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J.P. Morgan Trims Macau Estimates, Maintains Overweight Ratings
Wednesday, April 22, 2015 - 8:52pm | 394Read More...In a new report, analysts at J.P. Morgan have trimmed their 2015 property-level revenue estimates for Macau based on the latest monthly gaming numbers. Despite the revision, analysts remain bullish on a pair of big casino names. No Surprises In the report, analysts point out that the market...
