SOURCE: Wall Street Equity Research

Wall Street Equity Research

November 09, 2010 08:08 ET

Professional Research on Boyd Gaming Corporation and Las Vegas Sands Corp. - Casinos Hit the Jackpot in Emerging Markets

JOHANNESBURG, SOUTH AFRICA--(Marketwire - November 9, 2010) - www.wallstreetequityresearch.com allows shareholders to gain full understanding of the economic and market forces influencing the resorts & casinos industry, and offers free research on industry players Boyd Gaming Corporation (NYSE: BYD) and Las Vegas Sands Corp. (NYSE: LVS). Register today at www.wallstreetequityresearch.com to receive free research reports on these companies.

The Resorts and Casinos sector benefited hugely from its positioning in emerging markets during Q3. This is regarded primarily as a reflection on the strong Asian economies like China and the emerging middle classes there that are acquiring increasingly larger amounts of disposable income. Asian gambling centers in Singapore and Macau have seen skyrocketing gambling revenues recently. In Macau, some casinos saw 40-50% growth in Q3 alone.

www.wallstreetequityresearch.com is a specialized website where investors can have complete access to free reports on resorts & casino industry; traders looking for analyst opinions on Boyd Gaming Corporation, Las Vegas Sands Corp. and other players in the industry are welcomed to sign up for a free one year membership at http://www.wallstreetequityresearch.com/.

The strong foreign gambling surge is a little misleading about the sector as a whole as a recovery on the home front has been extremely moderate. While companies within the sector are seeing improvement in room rates, convention book, gambling, and visitor traffic, the uptrend has been too marginal to have a major effect on the sector's strength. Visit us at http://www.wallstreetequityresearch.com/ to understand the catalysts and forces driving or affecting resorts & casino stocks.

Gambling revenues have been propped up by new trends in high-roller baccarat gaming. Slot machine wager was down slightly though, signaling lingering issues with consumer confidence. While the sector probably won't see any real improvement until the U.S. unemployment woes are addressed, it seems to have at least hit the bottom.

U.S. based casino operator Boyd Gaming Corporation delivered lower-than-expected quarterly result for its third quarter 2010 with net income tumbling to $5.6 million. Whilst profits have been dented by elevated cost and expenses, revenue was up by 50% that is $595.4 million. On the other hand, casino and resort giant Las Vegas Sands Corp. has yet again successful delivered strong results and once again its China based and new launched Singapore Casino were in the limelight for the quarter. Profits were at $168 million and record revenue of $1.91 billion. Shareholders and investors can sign up today at http://wallstreetequityresearch.com/November092010BoydGamingCorp.(BYD)091110.php or http://wallstreetequityresearch.com/November092010LasVegasSandsCorp.(LVS)091110.php to download the full reports on Boyd Gaming Corporation and Las Vegas Sands Corp.

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