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Casino Names Getting A Boost Amid Word Chinese Government Could Be Moving Back Toward Macau Support
Friday, October 2, 2015 - 9:33am | 454Read More...Casino operators with exposure to Macau, such as Las Vegas Sands Corp. (NYSE: LVS) have seen their stocks plummet over the past year. Gross gaming revenue in Macau fell in September, marking the 16th straight month of declines. Bloomberg reported that China's government may move to...
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Bank Of America: Macau's Gross Gaming Revenue Improved, Highlights Other News Developments
Tuesday, December 30, 2014 - 9:10am | 315Read More...Billy Ng of Bank of America commented in a note on Tuesday that Macau's daily Gross Gaming Revenue (GGR) run-rate for the past two weeks improved to MOP752 million (~$94.12 million) from MOP698 million in the week before, implying a 7 percent increase. Ng notes that the uptick followed...
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Deutsche Bank On Macau: Near-Term Climate Unlikely To Improve
Thursday, December 11, 2014 - 9:27am | 171Read More...Carlo Santarelli of Deutsche Bank commented in a note on Thursday that Macau's near-term challenges are unlikely to improve. Santarelli notes that several persistent tailwinds seen over the past six months have had a negative influence in trends. These include China's anti-corruption campaign, “...
