Macau Gaming Revenue Falls, Stocks Mixed

Traders may want to watch casino names following the decline in Macau’s gross gaming revenue.

GGR was down 30.4 percent year-over-year and was the lowest since November 2011 at MOP 23.3 billion, according to a note from Bank of America analyst Billy Ng.

Ng noted that for 2014, "Macau GGR declined 2.6 percent YoY to MOP 352 billion. This is the first full-year decline since the opening up of the Macau gaming market in 2002."

Barclays analyst Phoebe Tse released a note indicating that revenue will continue to fall in the first half of 2015, but growth should resume in the second half of the year.

Some names to watch include Melco Crown Entertainment Ltd (ADR) MPEL, which recently traded at $24.62, down 3.3 percent.

MGM Resorts International MGM also has exposure to Macau and recently traded at $20.95, down 2 percent.

Wynn Resorts, Limited WYNN recently traded at $145.21, up 2.4 percent.

Las Vegas Sands Corp. LVS recently traded at $56.69, down 2.5 percent.