Equity Research on MGM Resorts International and Melco Crown
Entertainment Ltd. - Resorts and Casinos Seeing Growth but Still
Under Recession Shadows
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For companies in the resorts and casinos industry, such as MGM
Resorts International and Melco Crown Entertainment Ltd., weak
economic growth and high unemployment in the U.S. coupled with the
Chinese slowdown and Europe's crisis seem to be causing a drag.
Nevertheless, this summer has included some encouraging figures from
the world's largest gambling centers, Macau and Las Vegas. Get your
free reports on MGM Resorts International and Melco Crown
Entertainment Ltd. at
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Recently released figures from the Nevada Gaming Control Board show
that in July gambling revenue in Nevada jumped 17 percent to $1
billion as the Las Vegas Strip's take grew 28 percent. Meanwhile,
Macau achieved its second highest monthly result in August as gaming
revenue increased 5.5 percent to $3.3 billion. The Melco Crown
Entertainment Ltd. report is accessible for free by registering today
Some industry players are looking to new projects as a way to expand
their market share and profits. Fo
r example, MGM recently announced
plans for a gambling resort in Massachusetts worth around $800
million. If U.S. economic growth continues to gain traction and the
pace of the recovery improves, companies could benefit from
operations in the region; however, many still seem to feel that Asia
holds the biggest opportunities for growth. The MGM Resorts
International report is accessible for free by registering today at
The two Resorts & Casinos stocks research reports are available for
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