Trend Analysis on Las Vegas Sands and MGM Resorts: Are Casinos a Good Gamble for 2013?

 Trend Analysis on Las Vegas Sands and MGM Resorts: Are Casinos a Good Gamble
                                  for 2013?

  PR Newswire

  LONDON, January 21, 2013

LONDON, January 21, 2013 /PRNewswire/ --

Resorts and casinos appear to have a number of tailwinds heading into 2013, as
an improving U.S. economy coupled with strong sales from Asia bode well.
StockCall has initiated preliminary technical analysis on Las Vegas Sands
Corp. (NYSE: LVS) and MGM Resorts International (NYSE: MGM), but our analysis
will be updating these reports monthly to follow the trend in this industry
closely. Download today's reports for free at  

Numbers out of Macau are impressive to say the least. 2012 saw gaming revenues
hit a record $38 billion, up from $33.5 billion in 2011. December was
particularly strong, as revenues hit a single month high of $3.5 billion. In
response to growing revenues in the region, companies have been taking steps
to expand their operations there, with Cotai being a popular choice for new
developments. In recent news, MGM Resorts International announced the official
transfer of real estate in Cotai on the same terms previously reported in
October of last year. The land concession is for a 17.8 acre site in the Cotai
area of Macau and will havea 25-year initial term, with the right to
successively renew for additional periods, subject to applicable legislation.
Our full technical analysis report on MGM Resorts can be accessed at

Las Vegas Sands Corp. [ Free Trend Analysis Report on LVS ] ^[ ^1] has
reported an 81% jump in revenue from Asia, Macau and Singapore, for its last
round of earnings. Whilst the company is also exploring expansion in Macau, it
is also contemplating to invest in new resorts in Spain and Canada in an
attempt to not only boost sales and earnings, but also to diversify their
geographical dependence.

While Macau has been performing well, the same cannot be said worldwide.
Nevada saw its gaming revenues decline by just over 11% in November, though
2013 could see numbers bounce back. It is also worth noting that another
economic stumble in China or the U.S. could be detrimental, but for now the
outlook is positive. With companies set to soon announce their latest
quarterly earnings results, it will be interesting to see which players in
this industry comes out on top. Las Vegas Sands will be reporting their
earnings on February 01 ^st


1.Las Vegas Sands Corp. Technical Analysis [ ]

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