Casino and resort stocks are taking the news well today. Las Vegas Sands Corp. (NYSE: LVS) is up about 5.6%, Wynn Resorts Ltd. (NASDAQ: WYNN) is up 5.5%, and Monarch Casino and Resort Inc. (NASDAQ: MCRI) is up 5.1%. Other gainers include MGM Resorts International Inc. (NYSE: MGM), up 4.9%; Isle of Capri Casinos (NASDAQ: ISLE), up 4.3%; and Nevada Gold & Casinos (NYSEMKT: UWN), up more than 9%. Interestingly enough, neither Isle of Capri nor Nevada Gold owns or operates properties in Macau.
Revenue growth at Macau is anticipated to be in the range of 5% to 10% in 2013 because the Chinese government likes the growth there and will be encouraging it with plans to enlarge the net it casts for non-gambling revenues.
Paul Ausick
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.