|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||50.000 - 50.586|
|52 Week Range||39.500 - 50.586|
|PE Ratio (TTM)||30.29|
|Dividend & Yield||2.55 (5.21%)|
|1y Target Est||N/A|
After hosting meetings with six casino operators with business in Macau, the Chinese gambling playground, Credit Suisse reiterated two top stock picks: Galaxy Entertainment Group (0027.HongKong and GXYEF) ...
MACAO, Aug. 31, 2017 /PRNewswire/ -- Bolstering their extensive immediate relief efforts in the aftermath of Typhoon Hato, Sands China Ltd. has pledged to donate MOP 65 million -- MOP 30 million from Sands China and a MOP 35 million contribution from the Adelson Family Foundation -- to assist with longer term relief, recovery and rebuilding efforts in Macao. "The thoughts and concerns of the Adelson family and our team members around the world have been with the entire Macao community, and certainly our fellow team members, during this extremely challenging time," said Mr. Sheldon G. Adelson, chairman and CEO of Las Vegas Sands and Sands China Ltd. "We are saddened by the loss inflicted on so many, but inspired by the perseverance and dedication of all those who have already begun the important process of rebuilding.
It looks like Macau casinos extended their winning streak. Monthly gross gaming revenue rose 29% in July to MOP23 billion ($2.86 billion) thanks to resurgence in spending by wealthy travelers and a rise in tourism to the Asian gambling mecca. J.P. Morgan analysts Joseph Greff, Daniel Politzer and Brandt Montour “don’t find the risk-reward for our US-listed Macau-centric gaming names all that compelling.” The Macau gaming industry has been rebounding from a two-year decline that coincided with Chinese president Xi Jinping’s crackdown on corruption.