SOURCE: Paragon Financial Limited

Paragon Financial Limited

March 08, 2012 08:20 ET

Las Vegas Sands and MGM Benefit From Macau Growth and Nevada Recovery

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

NEW YORK, NY--(Marketwire - Mar 8, 2012) - Year to date, gaming stocks have outperformed the broader market as consistent growth in Macau and a recovering Las Vegas strip continue to attract investors to the Resorts and Casinos Industry. In 2012, the Market Vectors Gaming ETF (BJK) -- which replicates an index consisting of publicly traded companies engaged in the global gaming industry -- is up roughly 11 percent. 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:

Gambling revenue in Macau rose 22% in February from a year earlier, according to data released last week by Macau's Gaming Inspection and Coordination Bureau. "Given the shift in the 2012 Chinese New Year calendar from February to January, we believe it is more relevant to evaluate gross gaming revenues year-to-date," Stifel Nicolaus Capital Markets gaming analyst Steven Wieczynski told investors.

The rate of growth failed to keep up with January, when tourists from mainland China traveling during the New Year week drove casino revenue 35 percent higher.

The Paragon Report provides 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.

Meanwhile in Las Vegas, strip casino gambling revenue rose 3.6 percent last December, bringing the full-year gain to 5.1 percent for a second annual increase as a recovery in the biggest U.S. betting city strengthened. Convention attendance climbed 9.2 percent in the 11 months through November, total visitors rose 4.4 percent and average daily room rates at hotels gained 11 percent, the Las Vegas Convention and Visitors Authority reported.

Statewide in Nevada, casinos collected $10.7 billion in gaming revenues in 2011, a 2.8 percent increase over 2010 and the highest annual jump in four years.

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