Casino stocks trade lower - led by Melco Crown Entertainment (MPEL -10.1%) following its...

|By:, SA News Editor

Casino stocks trade lower - led by Melco Crown Entertainment (MPEL -10.1%) following its lukewarm Q3 report - extending a selloff that touched off yesterday. Kickstarting the negative sentiment was a report from Nevada's State Gaming Control Board showing casinos in the state reported 6% less profits Y/Y after high-stakes Asian Baccarat players stayed home. Decliners: LVS -3.6%, MGM -2.9%, WYNN -4.2%, BYD -2.2%.