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Las Vegas Sands Corp. Message Board

  • casino2761 casino2761 May 28, 2013 5:06 PM Flag

    Macau Gambling Revenue Drops, Stocks Jump : BARRONS 5/28/2013

    By Ben Levisohn

    Blame it on the weather.

    Bloomberg
    Gambling revenue at Macau’s casinos fell 11% from the previous week, according to Citigroup’s Anil Daswani in a report received after yesterday’s close. The likely culprit: A rainstorm last week, though Daswani terms it a “minor setback.” Overall, he now expects May gaming revenue to increase 13% from a year ago.

    Market share breaks down like this, according to Daswani’s numbers:

    SJM (0880.HK): 24.3%

    Las Vegas Sands’ (LVS) Sands China (1928.HK) :20.4%

    Galaxy Entertainment (0027.HK): 18.8%

    Meloco Crown Entertainment (MPEL): 13.2%

    Wynn Resorts (WYNN): 12.5%

    MGM Resorts International (MGM): 10.8%

    Wynn has gained 3.1 percentage points of market share in May, making it the biggest winner, while Melco has lost 3.1 points, making it the biggest loser.

    Update: Macau’s casino stocks are surging despite the off week. Las Vegas Sands has jumped 3.1% to $59.34 at 1:00 p.m. in New York, Wynn has climbed 2.5% to $141.36, MGM has risen 3.2% to $15.40 and Melco has gone up 2.7% 27.83.

    WE DROPED 1.5 % IN MARKET SHARE THIS MONTH ...WHY?? WHY??

    MORE GAMING TABLES OPENED ?? MORE HOTEL ROOMS OPENED !! WHY ??

    BIRD FLU GETTING BIGGER THREAT TO MAINLAND CHINA CNBC TV REPORTS ???

    Sentiment: Strong Sell

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LVS
47.36+0.10(+0.21%)Aug 28 4:00 PMEDT