Casino Earnings Preview From Jefferies

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Jefferies & Co. has published a research report on Casinos and their earnings preview for 3Q2010. In the report, Jefferies writes "We believe that 3Q10 should reflect declines in most domestic markets and dramatic increases in Asia. Casino revenue results for July, August and September were generally weak in the U.S. However, revenue results in most cases met or modestly beat our expectations. As for Macau, the quarterly growth in the market was 48.4%, which is greater than the 17.6% we forecast for LVS on a combined basis, but in line with our forecast for MGM Grand and below our expectations of 64.1% growth for WYNN, which includes Encore (2Q10)." Companies related to this report include: Ameristar Casinos
ASCA
$17.60 Bally Technologies
BYI
$34.75 Boyd Gaming Corp.
BYD
$7.81 International Game Technology
IGT
$14.44 Isle of Capri Casinos
ISLE
$7.82 Las Vegas Sands
LVS
$38.81 MGM Resorts International
MGM
$11.17 Penn National Gaming
PENN
$31.00 Pinnacle Entertainment
PNK
$11.36 WMS Industries
WMS
$40.76 Wynn Resorts, Ltd.
WYNN
$102.04
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Posted In: Analyst ColorAnalyst Ratingsameristarballyboyd gamingCasinos & GamingConsumer Discretionaryinternational game techisle of capriJefferies & CoLas Vegas Sandsmgm resortspenn nationalPinnacle Entertainmentwms industriesWynn Resorts
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