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Tuesday, Dec 4
2012, 8:54 AM
Gaming companies with operations in Macau are feeling the pressure in early trading from reports...
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%.