Revenue rose 42% year-over-year in November
Macau stokes casino stocks
(Macau).- Reports on monthly casino revenue in Macau are giving a boost to casino stocks today. Revenue rose 42% year-over-year in November, according to Macaus Gaming Inspection and Coordination Bureau.
2010-12-02
Reading time 21 seg
Reports on monthly casino revenue in Macau are giving a boost to casino stocks. Revenue rose 42% year-over-year in November, according to Macau's Gaming Inspection and Coordination Bureau. Revenue totaled us$ 2.2 billion, more than analysts had expected after a surge in revenue in October.
Among the casino operators with a piece of the soaring gambling market in Macau, Las Vegas Sands is trading higher by 3% today, while Wynn Resorts trades up over 4.1%. Melco Crown Entertainment trades up over 3.2% and MGM Resorts is trading up 1.75%.
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