Major casino operators have increased their exposure to Macau as the Chinese territory increasingly delivers a greater chunk of their revenues. Despite a 13.5% increase in Macau gaming revenues last year, big names like Las Vegas Sands and Wynn Resorts failed to beat the S&P 500 in 2012. Analysts at UBS expect growth to continue in 2013, upgrading their gaming revenue estimates on stronger VIP trends, and solid mass market numbers, over the last few months of last year, positioning Melco Crown a...
Major casino operators have increased their exposure to Macau as the Chinese territory increasingly delivers a greater chunk of their revenues. Despite a 13.5% increase in Macau gaming revenues last year, big names like Las Vegas Sands and Wynn Resorts failed to beat the S&P 500 in 2012. Analysts at UBS expect growth to continue in 2013, upgrading their gaming revenue estimates on stronger VIP trends, and solid mass market numbers, over the last few months of last year, positioning Melco Crown a...
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