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Friday, August 29, 2014

Casino Stocks Suffer Bad Beat On Macau Gambling Slump



Investors.com http://ift.tt/1vulm9W Las Vegas Sands (LVS) led casino stocks lower Friday amid reports that gambling revenue in Macau dropped off in August. Table-only gross gaming revenue in the first three weeks of August declined 4% from last year, according to Stern Agee analyst David Bain in a report Friday. Las Vegas Sands shares fell 2% by early afternoon in the stock market today. Other casino resorts with Macau operations, Melco Crown Entertainment (MPEL), MGM Resorts (MGM)


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