Entering text into the input field will update the search result below

Storm clouds over the Macau gaming sector

  • New estimates from Sterne Agee indicate gaming revenue in Macau is off to a rough start in June.
  • Channel checks from the investment firm show the revenue run rate is down 46% Y/Y after the first seven days of the month.
  • Sterne sees -33% to -38% growth in the region for June.
  • There's also some deep concerns from inside the industry that a blanket smoking ban would be a "disastrous blow" to traffic.
  • Over the weekend, government officials in Macau reiterated a plan to push the local legislature for the full smoking ban.
  • Macau casino stocks: Melco Crown (MPEL), Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY), Sands China (OTCPK:SCHYY, OTCPK:SCHYF), MGM China (OTCPK:MCHVF, OTCPK:MCHVY), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY).
  • Premarket movers: Las Vegas Sands (NYSE:LVS) -2.3%, Wynn Resorts (NASDAQ:WYNN-2.9%, MGM Resorts (NYSE:MGM-2.2%,

Recommended For You

About MLCO Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
MLCO--
Melco Resorts & Entertainment Limited