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Analysts seem to be favoring MGM Resorts (MGM) stock over the other major casinos. Of the 17 analysts tracking the stock, 16 of them recommend a “buy.”
In 2000, the unemployment rate in Macao peaked at 7.0%. Since then, tremendous growth in the gaming industry has helped reduce unemployment.
For July 2017, visitor arrivals increased 4.4% YoY to 2.9 million visitors. However, on a month-over-month basis, visitor arrivals increased 22.7%.
Macao’s gross gaming revenue growth in the past four months has many analysts believing that the growth is driven by the shift to the mass market.
According to the Gaming Inspection and Coordination Bureau, Macao’s gross gaming revenues have risen 29.2% YoY to MOP 23.0 billion ($2.9 billion).
Lam Research, athenahealth, Wynn Resorts, Melco Crown Entertainment and Golden Entertainment highlighted as Zacks Bull and Bear of the Day
Vegas and Macau are both scorching hot, and that means it's time to buy casino stocks. Luckily, we can use Zacks' proven stock-picking methods to find solid stocks in any industry. Here are three casino stocks to buy right now.
The Zacks Analyst Blog Highlights: Wynn Resorts, Las Vegas Sands, MGM Resorts and Melco Crown Entertainment
Melco Resorts & Entertainment Limited (MLCO) looks well positioned for a solid gain, but has been overlooked by investors lately.
Melco Crown Philippines Resorts Corp. is the best-performing casino stock in the world this year. To punters playing baccarat at the company’s City of Dreams venue in Manila, that’s no surprise.
Kylin Management is a small hedge fund that is flying under the radar, so to speak. The fund, which was launched and is managed by Ted Kang, a former employee of Julian Robertson’s Tiger Management, has been around since 2005 and currently has an equity portfolio worth $480 million, which is too small to capture […]
One stock that might be an intriguing choice for investors right now is Melco Resorts & Entertainment (MLCO).
Casino billionaires Lawrence Ho and James Packer have said their last adieu to a decade-long gaming partnership in Macau, with each going in opposite directions.