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Casino Stocks Boom After Release of Macau Figures

Shares of significant casino stocks surged this week soon after a report from Macau regulators showed casino revenues inside the Chinese gambling mecca hit a new record in December. The Market place Vectors Gaming ETF (BJK) began the year with a 3.five % achieve on Wednesday. Five Star Equities examines the outlook for providers within the Resorts & Casinos Industry and provides equity research on Melco Crown Entertainment Ltd. ( NASDAQ : MPEL ) and MGM Resorts International ( NYSE : MGM ).

Macau’s Gaming Inspection and Coordination Bureau reported that gambling revenue in Macau grew by 20 percent to a record of 28.2 billion patacas ($3.five billion) in December, topping the previous record of 27.7 billion patacas which was set in October. For full year 2012, gambling revenues gained 13.5 % to total 304 billion patacas ($38 billion), which was also a record.

“This is definitely better than our expectation, and much higher than the street estimates,” said Kim Eng Securities HK Ltd. analysts, Jeremy Tan, “It’s a combination of higher holiday footfall, higher win-rate, and a return to VIP market place,” he said.

5 Star Equities releases regular market place updates on the Resorts & Casinos Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

Melco Crown Entertainment is an owner and developer of casino gaming and entertainment resort facilities that are focused on the rapidly expanding gaming marketplace found in Macau. The company has also successfully completed the acquisition of a 60% interest within the Studio City project on Cotai. Shares of Melco have gained over 80 % inside the past year.

MGM Resorts International holds a 51% interest in MGM China Holdings Limited, which owns the MGM Macau resort and casino. MGM China earned net revenue of $665 million, a 7 % increase over the prior year quarter, which was largely driven by a 37 percent increase in slots revenue. Shares of the company have gained over 17.five % inside the past year.

5 Star Equities provides Marketplace Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market place activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned firms. We act as an independent research portal and are aware that all investment entails inherent risks.

 
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