SOURCE: Wall Street Equity Research
JOHANNESBURG, SOUTH AFRICA–(Marketwire – August 16, 2010) – www.wallstreetequityresearch.com allows shareholders to gain full understanding of the economic and market forces influencing the resorts & casinos industry, and offers free research on industry players Las Vegas Sands Corp. (
Gambling revenue is predictably down as the economic downturn dented disposable incomes for many. As the economy rebounds the question now becomes can the gaming sector recover after two consecutive down years. Many companies incurred large debts, especially those whose primary holdings lie on the Las Vegas strip. Gaming revenues were down 10.4% in 2009 and 9.7% in 2008. The Vegas-based companies may not overcome burdensome debt despite the slow return of gambling revenue.
www.wallstreetequityresearch.com is a specialized website where investors can have complete access to free reports on resorts & casinos industry; traders looking for analyst opinions on Las Vegas Sands Corp., MGM Mirage and other players in the industry are welcomed to sign up for a free one year membership at http://www.wallstreetequityresearch.com/.
Companies like Las Vegas Sands Corp. with numerous overseas holdings were able to withstand the debts incurred by their Vegas properties. Macau gambling revenues are up over 50% through the summer for most of those companies. Las Vegas Sands which reported its financial results at the end of July saw its revenue surged by 51% to $1.59 billion even the company reported a loss of $4.7 million. As anticipated, revenue in Las Vegas was down by 5.4% to $276.2 million but was largely offset by a 40.7% gain from Macau that is revenue of $1.04 billion. On a very encouraging note, in only 65 days of operation revenue in Singapore for Las Vegas Sands came at $216.4 million. Shareholders and investors can sign up today at http://wallstreetequityresearch.com/August162010LasVegasSandsCorp.(LVS)160810.php to download the full report on Las Vegas Sands Corp.
Singapore could also bring big profits to some companies as well as considering that there are only two casinos currently operating there. Domestic expansion could also provide a boost. Visit us at http://www.wallstreetequityresearch.com/ to understand the catalysts and forces driving or affecting resorts & casinos stocks.
The gaming sector could be poised for major changes in the coming future. As some companies succumb to the Vegas downturn, acquisitions could be forthcoming. Those that endured the Vegas slump could be poised for greater gains as they are less concerned with debt management and more so with overseas and domestic expansion where there is decreased market competition.
On the earnings side, MGM which posted its financial readings at the beginning of August saw its revenue grow by 3% from last year to $1.54 billion. However, revenue came in below Las Vegas Sands. Shareholders and investors can sign up today at http://wallstreetequityresearch.com/August162010MGMResortsInternational(MGM)160810.php to download the full report on MGM Mirage.
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Edward D. Brooks