SOURCE: Paragon Financial Limited

Paragon Financial Limited

November 15, 2011 08:16 ET

Stronger Domestic Market Assists in MGM Resorts and Boyd Gaming's Turnaround

Paragon Report Provides Equity Research on MGM Resorts & Boyd Gaming

NEW YORK, NY--(Marketwire - Nov 15, 2011) - Not long ago, the health of the casino and resorts industry was centered on the success of Las Vegas properties. While certainly still important, Las Vegas has taken a back seat to the exploding gaming markets of Macau and to a lesser extent, Singapore. Additionally, the non-Vegas domestic market is also performing relatively well, considering the current status of the economic recovery within the US. The Paragon Report examines the outlook for the Resorts and Casinos Industry and provides equity research on MGM Resorts International (NYSE: MGM) and Boyd Gaming Corporation (NYSE: BYD). Access to the full company reports can be found at:

Macau, currently the only Chinese city with legalized gambling, has witnessed tremendous growth in the last few years. Macau's Gaming Inspection and Coordination Bureau reported earlier this month that gambling revenue on the small island jumped 39 percent to 21.2 billion patacas ($2.6 billion) in September, reflecting continued growth in the world's largest gambling market despite plunging casino stocks. September's revenue figure was expected to fall short of August's record $3.1 billion due to seasonal factors.

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

On the domestic side of the industry, some gaming companies are still expanding. Boyd Gaming Corp. recently completed the acquisition of the IP Casino Resort Spa in Biloxi, Mississippi and could help the company grow revenues in the coming months.

Casino operators MGM Resorts International and Boyd Gaming Corp. are teaming with a major European online poker operator to prepare to offer Internet gambling in the United States if it's ever explicitly legalized. Not all online gambling stopped in the U.S., and several poker websites flourished after the 2006 law passed. But the Justice Department has cracked down on several top sites, including PokerStars, Full Tilt Poker and Absolute Poker, accusing their executives of money laundering and fraud.

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