Casino Stocks Moving Higher Despite Warning from Morgan Stanley
Analysts at Morgan Stanley believe casino gambling sales growth in Macau may be 2.8 percentage points "lower than normal" next year amid the ban on smoking for a large portion of the region's floor area. The ban begins in January and could push sales growth down into the single-digit range. Morgan Stanley noted the current consensus estimate for casino sales growth in 2013 is at 11 percent.
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