SOURCE: Paragon Financial Limited

Paragon Financial Limited

October 12, 2012 08:20 ET

Casino Stocks Begin to Face Slowing Revenues in Nevada and Macau

The Paragon Report Provides Stock Research on Las Vegas Sands and Wynn Resorts

NEW YORK, NY--(Marketwire - Oct 12, 2012) - After an impressive start to the year casino stocks have struggled as global economic growth concerns have seen gaming revenues in Macau and Las Vegas fall. Recent reports have showed that Macau gaming revenues grew at a slower-than-expected rate in September and casino revenues in Nevada have declined 3.11 percent in the month of August. The Paragon Report examines investing opportunities in the Resorts & Casinos Industry and provides equity research on Las Vegas Sands Corp. (NYSE: LVS) and Wynn Resorts, Limited (NASDAQ: WYNN).

Access to the full company reports can be found at:

www.ParagonReport.com/LVS

www.ParagonReport.com/WYNN

The decline in August was the third in the last four months that gaming revenues had declined on the Las Vegas Strip. Approximately 50 percent of gaming revenues in Nevada come from the 41 casinos on the Strip.

"While the majority of Las Vegas indicators have improved in 2012 (visitation, average daily room rates, occupied room nights, etc.), we continue to see consumers slowly stepping away from the slot machines," Macquarie Securities gaming analyst Chad Beynon said. "The Las Vegas visitor has significantly changed its spending patterns from gaming to nongaming post-recession, with casino only accounting for roughly 40 percent of (the) wallet share on the Las Vegas Strip."

Paragon Report releases regular market updates on the Resorts & Casinos Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.

Las Vegas Sands recently unveiled plans to invest at least $2.5 billion to build a fifth resort in Macau on the Cotai Strip. Named the Parisian the resort will contain a scaled down version of the Eiffel Tower, and is part of the second phase of the $4.4 billion Sands Cotai Central. Las Vegas Sands will fund the project using $1.5 billion in bank loans and $900 million to $1 billion in cash.

Wynn Resorts owns and operates Wynn and Encore Las Vegas and Wynn Macau. Wynn was the only Nevada Company to make the list of Fortune Magazine's "Fastest-Growing Companies," coming in at No. 26 overall on the list. Wynn Resorts ranked 18 out of the 100 fastest growing in total returns, and 76 out of 100 in average three-year revenue grown rate.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.paragonreport.com/disclaimer