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Casino News:

  Slow revenues of Macau Gaming hit Casino Stocks

NEW YORK – Restrictions on visa and limits on Chinese credit cards have adversely affected Macau’s gaming revenue growth that has hit the Casino stocks. In fact, the reputed casino operators have been looking to Macau for revenues in the recent years.
There has been a minimal increase of just 7.3% in the gambling revenue in May that is the lowest rate within almost three years. As reported by Bloomberg, there has been an increase of 42% in the Macau casino revenues in 2011. Approximately 16 million visitors from mainland China have contributed much to these enhanced revenues of Macau.
Opportunities for investment in the Resorts and Casino Industry are examined by the Paragon Report that facilitates equity research on Melco Crown Entertainment Ltd. And MGM Resorts International. It enables the investors to take wise decisions for getting best returns. Fifty one percent share of MGM China Holdings is held by MGM Resorts International. Net revenue of $702 million with an increase of 18% over the previous year was earned by MGM China.


   2012-07-03






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