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Macau stocks slide as growth story hits a roadblock

  • Gaming sector analysts think tighter restrictions on travel VISAs cut into revenue for the VIP segment, and to a lesser extent, the mass market segment during August.
  • Though a recovery is expected around the Golden week holiday in October, the sluggish growth trend could continue until 2015 as Macau travel growth remains under pressure.
  • Macau casino stocks: Melco Crown (MPEL) -5.0%, Galaxy Entertainment (OTCPK:GXYEF) -2.0%, Las Vegas Sands (NYSE:LVS) -5.2%, Wynn Resorts (NASDAQ:WYNN) -4.6%, MGM Resorts (NYSE:MGM) -3.0%.

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Melco Resorts & Entertainment Limited