Government data release from Macau last week showed that gambling revenues in China’s gambling mecca increased 21.4 percent year-over-year in September to 28.96 billion patacas ($3.63 billion). The total came in below analysts’ forecasts of a growth in the range of 22 percent to 25 percent. "Macau revenues could reach a new record in October assuming a conservative 10 percent month-over-month growth, vs. last year’s 16 percent month over month growth," said Cameron McKnight, Wells Fargo Securities gaming analyst. The record is currently $3.92 billion, which was seen in March.
Las Vegas Sands Corp. (NYSE: LVS) shares traded in the range of $65.40 to $66.39 Monday before settling to close at $65.69, a decrease of 1.01 percent. The stock appears to be facing some resistance at the $65.81 and $69.26 levels with some support at $64.48. Shares of Las Vegas Sands have gained approximately 42.0 percent in 2013.
More information on Las Vegas Sands and access to the free equity report can be found at:
www.WallStreetFundamentals.com/LVS
MGM Resorts International (NYSE: MGM) shares traded in the range of $20.30 to $20.76 Monday before settling to close at $20.38, a decrease of 1.02 percent. The stock appears to be facing some resistance at $21.16 with some support at the $20.23 and $18.15 levels. Shares of MGM Resorts International have gained approximately 75.0 percent in 2013.
More information on MGM Resorts International and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MGM
Melco Crown Entertainment Ltd. (NASDAQ: MPEL) shares traded in the range of $32.38 to $33.32 Monday before settling to close at $32.73, a decrease of 0.49 percent. The stock appears to be facing some resistance at $33.52 with some support at the $32.64 and $31.98 levels. Shares of Melco Crown Entertainment have gained approximately 94.0 percent in 2013.
More information on Melco Crown Entertainment and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MPEL
Wynn Resorts, Limited (NASDAQ: WYNN) shares traded in the range of $158.14 to $160.59 Monday before settling to close at $159.04, a decrease of 0.71 percent. The stock appears to be facing some resistance at the $159.25 and $164.38 levels with some support at $147.94. Shares of Wynn Resorts have fallen approximately 41.0 percent in 2013.
More information on Wynn Resorts and access to the free equity report can be found at:
www.WallStreetFundamentals.com/WYNN
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