Macau gambling revenue trends for November look strong

• Channel checks from Sterne Agee indicate gambling revenue in November is on a +20% Y/Y pace.
• Melco Crown (MPEL +2.3%), Wynn Resorts (WYNN -0.9%), and MGM Resorts (MGM +0.6%) are all trading higher with the positive read from Macau helping to provide a lift.