Back to MPEL
Casino Stocks Keep Surging as Macau Revenues Continue to Grow

NEW YORK, NY -- (Marketwire) -- 03/08/12 -- Year to date, gaming stocks have outperformed the broader market as consistent growth in Macau and a recovering Las Vegas strip continue to attract investors to the Resorts and Casinos Industry. In 2012, the Market Vectors Gaming ETF (BJK) -- which replicates an index consisting of publicly traded companies engaged in the global gaming industry -- is up roughly 11 percent. The Paragon Report examines the outlook for the Resorts and Casinos Industry and provides equity research on Melco Crown Entertainment Ltd. (NASDAQ: MPEL) and Wynn Resorts Limited (NASDAQ: WYNN). Access to the full company reports can be found at:

Gambling revenue in Macau rose 22% in February from a year earlier, according to data released last week by Macau's Gaming Inspection and Coordination Bureau. "Given the shift in the 2012 Chinese New Year calendar from February to January, we believe it is more relevant to evaluate gross gaming revenues year-to-date," Stifel Nicolaus Capital Markets gaming analyst Steven Wieczynski told investors.

The rate of growth failed to keep up with January, when tourists from mainland China traveling during the New Year week drove casino revenue 35 percent higher.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the resorts and casinos industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Meanwhile in Las Vegas, strip casino gambling revenue rose 3.6 percent last December, bringing the full-year gain to 5.1 percent for a second annual increase as a recovery in the biggest U.S. betting city strengthened. Convention attendance climbed 9.2 percent in the 11 months through November, total visitors rose 4.4 percent and average daily room rates at hotels gained 11 percent, the Las Vegas Convention and Visitors Authority reported.

Statewide in Nevada, casinos collected $10.7 billion in gaming revenues in 2011, a 2.8 percent increase over 2010 and the highest annual jump in four years.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at

Add to Digg Bookmark with Add to Newsvine

Back to MPEL
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki