Tag Archives: LVS
Las Vegas Sands reports stellar profits from Macau
Gaming company Las Vegas Sands (LVS, quote) reported both its quarterly and annual results Wednesday afternoon; the firm had massive profits thanks to strength from its casinos in Macau.
Macau pawn shop activity: a positive economic indicator
As reported this week by Bloomberg, pawn shops in Macau are thriving. What, if anything, can investors in the Macau casino space extrapolate from this?
Macau: Galaxy to spend $6.5 billion on improvements
The Macau gaming sector was again in the news today as the Hong Kong-listed Galaxy firm expressed its interest in expanding its Macau casinos.
Macau gaming: Emerging market sector of the day
Macau gaming stock Melco Crown Entertainment (MPEL, quote) dropped more than 7% in trading on Tuesday after reports that the Chinese government would step up its efforts to weed out money laundering in Macau.
QE3 makes Macao gaming stocks even more attractive
With Ben Bernanke’s announcement that the U.S. Federal Reserve would engage in a new round of ‘perpetual’ quantitative easing, the risk-on trade looks to be back on, which could mean even more upside for Macao gaming stocks.
