Macau Losing Streak Extends To 16th Month

·         Macau gaming revenue in September declined 33.0 percent year-over-year.

·         News of potential junket embezzlement was a primary negative catalyst in September.

·         Macau gaming stocks are trading slightly higher following the release of September revenue numbers.

According to data released by the Macao Gaming Inspection and Coordination Bureau, gaming revenue in the month of September came in at 17.1 billion patacas, about 33.0 percent lower than September 2014.

Shares of Melco Crown Entertainment Ltd (ADR) MPEL Las Vegas Sands Corp. LVS, MGM Resorts International MGM and Wynn Resorts, Limited WYNN all opened slightly higher on Thursday following the news.