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Gaming companies with operations in Macau are feeling the pressure in early trading from reports...

  • Tuesday, December 4, 2012, 8:54 AM ET
    Gaming companies with operations in Macau are feeling the pressure in early trading from reports on a crackdown by Chinese authorities on corruption. Though a few token arrests is considered the same old song and dance by a number of industry watchers, it's the pace of revenue growth in the region that is the larger story to watch for them. For November, Macau gaming grew at 7.9% vs. a consensus estimate of 8%. Premarket: MPEL -4.5%, WYNN -1.5%, MGM inactive, LVS -1.8%.
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This news story has 2 comments:

  •  
    Shocked , just shocked that Wynn and Adelson are tied to corruption. LOL!
    4 Dec 2012, 09:02 AM Reply Like
  •  
    New Regime flexing their muscles letting them know a new boss is in town. I am betting the new boss will be same as the old boss. LVS is the best thing that ever happened to Macau and the chinese govt knows it. long lvs
    4 Dec 2012, 05:12 PM Reply Like
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