Market Overview

Casino Stocks Moving Higher Despite Warning from Morgan Stanley

Share:
Related MGM
Macau Gaming Stocks Now In-Line With 2017 Expectations
Casino Stocks Outperform In 2016 As Vegas Gaming Sales Flat
Oakland Raiders file for move to Vegas (Seeking Alpha)
Related LVS
Macau Gaming Stocks Now In-Line With 2017 Expectations
Near-Term Pullback In Las Vegas Sands Shares Creates Buying Opportunity
Dividend Challengers (And Near-Challengers): 124 Increases Expected By March 31 (Seeking Alpha)

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.

Latest Ratings for MGM

DateFirmActionFromTo
Dec 2016Aegis CapitalInitiates Coverage OnBuy
Dec 2016Aegis CapitalInitiates Coverage OnBuy
Dec 2016Goldman SachsInitiates Coverage OnBuy

View More Analyst Ratings for MGM
View the Latest Analyst Ratings

Posted-In: Analyst Color Analyst Ratings

 

Related Articles (LVS + MGM)

View Comments and Join the Discussion!