SOURCE: The Bedford Report

The Bedford Report

May 19, 2011 08:16 ET

Las Vegas Sands and MGM Poised for Nevada's Rebound

The Bedford Report Provides Analyst Research on Las Vegas Sands and MGM Resorts

NEW YORK, NY--(Marketwire - May 19, 2011) - The Resorts and Casinos industry has placed a great deal of emphasis on its Macau market in recent years. With the growing Chinese middle class gaining an appetite for gambling, Macau has become the world's gaming core. In addition, Las Vegas properties are finally beginning to show a turnaround. The Bedford Report examines the outlook for companies in the Resorts and Casinos Industry and provides research reports on Las Vegas Sands Corporation (NYSE: LVS) and MGM Resorts International (NYSE: MGM). Access to the full company reports can be found at:

Macau's gaming revenues continue to break records. According to the Gaming Inspection and Coordination Bureau (GICB), gaming and gambling revenues in Macau totaled 79.028 billion patacas (US$9.879 billion) in the first four months of 2011, representing a year on year rise of more than 43 percent. At the end of the first quarter of 2011, there were 33 casinos in Macau, 20 of which were owned by Sociedade de Jogos de Macau, three by Venetian Macau, five by Galaxy Casino, three by Melco/PBL Jogos (Macau) and one each by Wynn Resorts and MGM Grand Paradise.

The Bedford Report releases regular market updates on the Resorts and 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 and get exclusive access to our numerous analyst reports and industry newsletters.

The US economic recovery is expected to increase convention and tourist traffic to Las Vegas going forward. Earlier this month the Nevada Gaming Board announced that Las Vegas Strip gambling revenue climbed 13 percent in March, signaling a firming of the recovery that began last year. The Las Vegas Convention and Visitors Authority announced separately that convention attendance climbed 11 percent in the first three months of 2011 from the same period in 2010, overall visitation rose 5.1 percent, and average daily room rates at hotels have gained 9.8 percent.

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