Seeking Alpha

Casino stocks stay on hot streak

  • Casino stocks start the week off in fine fashion as the sector remains hot.
  • A bullish note from Wells Fargo on explosive growth of the mass-market segment in Macau is boosting sentiment. Positive forecasts on the prospects for gaming revenue in Singapore and Japan are also helping to tip sentiment.
  • A solid start to online gambling in New Jersey has seen analysts lift long-term profit forecasts for some of the U.S. regional casino players as analysts weigh how the online story will play out.
  • The Market Vector Gaming ETF (BJK)  has trailed some of the larger U.S.-based casino stocks over the last 3 months due to its weighting toward global firms.
  • Gainers: Melco Crown (MPEL) +2.3%, Caesars Entertainment (CZR) +2.3%, Boyd Gaming (BYD) +2.3%, Las Vegas Sands (LVS) +2.0%, Wynn Resorts (WYNN) +2.0%.
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Comments (1)
  • Hillbilly Stock Star
    , contributor
    Comments (745) | Send Message
     
    $BJK. Long
    10 Dec 2013, 08:45 PM Reply Like
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