|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||7.09 - 7.17|
|52 Week Range||4.16 - 7.48|
|PE Ratio (TTM)||28.91|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Nov 9 (Reuters) - Galaxy Entertainment Group Ltd: * Q3 group adjusted EBITDA of HK$3.5 billion, up 31 percent * Q3 group revenue HK$15.9 bln, up 23 percent Source text for Eikon: Further company coverage: ...
The Macau gaming industry has made a big comeback after two years of decline that coincided with a crackdown on corruption. Now, the question is where should investors put their money? Analysts at Bernstein Research weighed in on Macau’s casino industry as part of a broader series of reports that dive into the investment implications on various industries of an estimated doubling of outbound travel from China in the next decade. Macau remains a key destination, due in part to gaming and there has been resurgence in spending by VIP gamblers and the mass market tourism to the Asian gaming mecca.
Galaxy Entertainment Group Ltd. posted its biggest quarterly earnings gain in almost five years as high-stakes gamblers helped to boost profit in the world’s largest casino hub.
Bernstein set an 'outperform' rating and $21.50 price target on Melco Crown (MPEL), representing a potential upside of 28% over the stock's previous close.