Sands, MGM Could Be Hurt, Early Macau Revenue Weakens

By | April 7, 2014

Scalper1 News

Las Vegas Sands (LVS), Wynn Resorts (WYNN), Melco Crown Entertainment (MPEL) and other Macau casino companies fell sharply Monday on a report that total gambling revenue so far in April is below forecasts because of rugged weather. Wells Fargo analyst Cameron McKnight said channel checks in Macau indicate that gaming revenue for the former Portuguese colony in China’s southern coast was 17% to 21% down on a month-over-month basis for the first six Scalper1 News

Scalper1 News