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Tuesday, September 2, 2014

Macau-Centric Casinos' String Of Bad Luck Continues



Investors.com http://ift.tt/1pmj2JO Shares of Las Vegas Sands (LVS) and other Macau-centric casinos dropped sharply Tuesday on reports that gambling revenue there continued to contract. Sterne Agee and Wells Fargo both put out reports saying revenue in Macau for August was weaker than expected amid sluggish VIP gambling and lower than expected mass market revenue. Sterne Agee also cut its earnings estimates on Sands, MGM Resorts International (MGM), Wynn Resorts (WYNN) and Hong


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