Sunday, July 3, 2011

Macao Casinos Delivered Again in June

From Reuters

Macau, the world's largest gambling market, posted an annual 52.4 percent rise in gaming revenue in June to 20.8 billion patacas ($2.6 billion), the Macau government said on Friday, signalling a ravenous gambling appetite from Chinese tourists.
Casino stocks that stand to benefit from a regional presence rallied on Friday : Las Vegas Sands(LVS) up 4.22% today, MGM Resorts (MGM) up 4.16%, Wynn Resorts (WYNN) up 4.26%, Melco Crown Entertainment (MPEL) up 6.03%.

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Disclosure: The blog author does not own any of the above positions in her personal account as of July 3, 2011

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