Early June channel checks from Macau

• Channel checks from Sterne Agee CRT indicate the second week of June showed a 19% pickup of gaming revenue from the first week.
• Despite the improved trend for last week, the investment firm thinks revenue for June will end up 35% lower than last year's level.
• New properties are slowly coming on line in Macau which are expected to help cut into the revenue slide.
• 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).