January 2, 2013
Despite a slowing Chinese economy
Despite a slowing Asian economy and changes in the Chinese government, Macau casinos continue to churn out record gaming figures, a fact for which investors in three Nevada gaming companies are forever thankful.
Clearly, Macau wasn’t going to match 2011’s 42 percent revenue increase over 2010’s results. But 2012 did provide the highest single-month revenue figure in the gambling market’s history — $3.5 billion in October.
For investors in Wynn Resorts Ltd., Las Vegas Sands Corp. and MGM Resorts International, the monthly gaming revenue figures released by Macau’s Gaming Inspection and Coordination Bureau continue to bring welcome results.
Nomura Securities gaming analyst Harry Curtis, who is based in New York, favors Las Vegas Sands over Wynn and MGM Resorts.