SOURCE: Paragon Financial Limited

Paragon Financial Limited

January 31, 2012 08:20 ET

Fourth Quarter Earnings Expectations High for Las Vegas Sands and MGM Resorts

Paragon Report Provides Equity Research on Las Vegas Sands & MGM Resorts

NEW YORK, NY--(Marketwire - Jan 31, 2012) - Gaming stocks have been on the upswing of late. The Market Vectors Gaming ETF (BJK) is up more than 10 percent this month as the health of the U.S. economy shows signs of improvement while continued growth in emerging markets drives casinos industry. The Paragon Report examines the outlook for the Resorts and Casinos Industry and provides equity research on Las Vegas Sands Corporation (NYSE: LVS) and MGM Resorts International (NYSE: MGM). Access to the full company reports can be found at:

According to The Wall Street Journal, most U.S. casino operators have posted stronger results over the past year as the number of visitors visiting Las Vegas gradually improves. Gaming operators with casinos in the Chinese enclave of Macau are seeing a windfall from highly lucrative VIP visits, which account for nearly 75% of all gambling revenue in the city, The Journal reports.

Government officials in Macau have increased support for the development of Macau's gaming industry by stimulating growth in non-gaming areas such as conferences and exhibitions, hotels, retail, and food and beverage segments, pledging to support development in these areas, Reuters reports.

The Paragon Report provide investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the resorts and casinos industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters

Analyst Grant Govertsen at Union Gaming, based in Las Vegas and Macau, believes that Macau's revenues may break the October record of 26.9 billion patacas ($3.4 billion) this month. Table occupancy in Macau's casinos has been "very high" since the Chinese Lunar New Year holiday started on Jan. 23 and visits are expected to continue to grow through to the end of this month, Govertsen wrote in a research report.

Las Vegas Sands is set to report fiscal fourth quarter earnings tomorrow. Last quarter, the company beat consensus analyst estimates with profit of 55 cents per share against the mean estimate of 53 cents.

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