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Casino Stocks Moving Higher Despite Warning from Morgan Stanley

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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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