SOURCE: Paragon Financial Limited

Paragon Financial Limited

September 30, 2011 08:16 ET

Macau Remains Strong Despite Asian Economic Slowdown

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

NEW YORK, NY--(Marketwire - Sep 30, 2011) - Casino stocks have had a fairly difficult month on fears that a potential slowdown in the Chinese economy might affect their operations in Macau. Jefferies analyst, David Katz notes that Asia's slowdown could "reduce the funding that's available for the corporate junket business, which is really the engine of these businesses' growth in Macau." 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:

Macau has been growing at an exceptionally rapid rate this year. Macau's Gaming Inspection and Coordination Bureau reported that Gambling year-over-year revenues were up 57% in August of 2011. Gambling revenue totaled $3.09 billion in August, despite losses in financial markets around the world.

Macau overtook the Las Vegas Strip as the World's biggest gambling market in 2006, and is set to rake in 5 times the Strip's gambling revenue this year. In the January-August period, Macau's gambling revenue rose 47% from a year earlier, adding to a 58% rise in Y 2010.

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.

Las Vegas Sands Corp. (LVSC) owns and operates The Venetian Resort Hotel Casino (The Venetian Las Vegas), The Palazzo Resort Hotel Casino (The Palazzo) and The Sands Expo and Convention Center (the Sands Expo Center) in Las Vegas, Nevada, and the Sands Macao, The Venetian Macao Resort Hotel (The Venetian Macao), the Four Seasons Hotel Macao, Cotai Strip (the Four Seasons Hotel Macao, which is managed by Four Seasons Hotels Inc.) Sands China said Wednesday it entered into an agreement last week with over a dozen banks for term loan and revolving facilities of up to US$3.7 billion.

MGM Resorts International is a holding company engaged in gaming, hospitality and entertainment. The Company conducts its business through its wholly owned subsidiaries. It primarily owns and operates casino resorts that include gaming, hotel, dining, entertainment, retail and other resort amenities. MGM Resorts reported second quarter 2011 adjusted loss of 8 cents per share as net revenue surged 17% year over year to $1.81 billion.

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