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Macau gambling revenue rose 39% over the last week as both high VIP turnover and generous win...

Macau gambling revenue rose 39% over the last week as both high VIP turnover and generous win percentage rates boosted sales for operators (LVS, MGM, MPEL, WYNN) in the region. Even if the pace slows down for the rest of June, the monthly revenue tally could easily exceed analyst estimates according to both RBC and Citi.
Comments (7)
  • all the macau casinos are up about 3% except LVS. just picked up some july 57.50 calls.
    17 Jun 2013, 02:11 PM Reply Like
  • $BJK, $WYNMF ,.....Long.
    17 Jun 2013, 10:43 PM Reply Like
  • Hasn't (MGM) spun-off MGM Macau? If yes, I would buy the spin-off.
    18 Jun 2013, 08:34 AM Reply Like
  • No MGM has not spun off Macau. They have just announced plans forna 2.3 billion second casino on the hot Cotai Strip
    18 Jun 2013, 04:26 PM Reply Like
  • Why hasn't the stock price increased or at least the volume traded?

     

    kwoods370@comcast.net'

     

    Thanks for info
    18 Jun 2013, 03:21 PM Reply Like
  • kwoods, i'm sitting here wondering the same. all the other macau stocks have been up nicely this week except for LVS.
    18 Jun 2013, 03:51 PM Reply Like
  • It would appear that the Macau gaming operators will have a very good quarter: up 13% in April, 14.2% in May, and now we have this great news about early June numbers. Even better is the fact that the guys with multiple casinos on Cotai like LVS and Melco have transitioned to more mid level play and are no longer as dependent on the volatile VIP business. So, Let's all keep our fingers crossed. I have learned from nearly 30 years in the casino business this is still called gambling and it's easy to 7 out. And, the house doesn't always hold/win.
    18 Jun 2013, 04:26 PM Reply Like
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