..

Casino Stocks Attracting Attention in the New Year

Written by:
Guest
Published on:
Jan/07/2011

NEW YORK, NY--(Marketwire - January 7, 2011) - Casino stocks have kicked off the New Year in style as analysts upgraded several companies in the sector for a myriad of reasons. With Macau revenues still surging, gaming companies with presence in the region continue to receive the thumbs up from the analyst community. Meanwhile, more positive data in the US, including improved optimism in the gambling hotbed of Nevada, has sent stocks for casino companies with larger America presences up. The Bedford Report examines the outlook for companies in the Resorts and Casinos Industry and provides research reports on MGM Resorts International (NYSE: MGM) and Melco Crown Entertainment Ltd. (NASDAQ: MPEL). Access to the full company reports can be found at:

www.bedfordreport.com/2011-01-MGM

www.bedfordreport.com/2011-01-MPEL

Gaming companies with operations in Las Vegas and other US hotbeds are more optimistic heading into 2011 that the national economy is improving. In turn the improving economy could lure gamblers back to the casinos. At its worst last year, unemployment in Las Vegas jumped to 15 percent. However more positive jobs data could be on its way. Earlier this week a survey from payroll processor ADP found that companies added 297,000 jobs last month significantly higher than the 100,000 economists projected.

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 for free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

MGM's Chairman and Chief Executive Jim Murren believes that the Las Vegas Market is "stabilizing," although the company's gambling, hotel room and food and beverage revenue all fell in the most recent quarter. MGM has operations in Nevada, Mississippi and Michigan, and has certainly felt its top line pinched during the US employment crisis.

One hundred percent of Melco Crown's revenue is derived from Macau. The holding company operates the Mocha Club and Crown Macau gaming interests in Macau and is developing the City of Dreams casino and resort complex. According to the Macau Gaming Inspection and Coordination Bureau, Macau's casino revenues rose nearly 42 percent year-on-year to a staggering $2.13 billion in November.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer

Business/Financial News

Cryptocurrency to be Spotlighted on Dr. Phil Tuesday: Scam or Not?

Cryptocurrency to be Spotlighted on Dr. Phil Tuesday: Scam or Not?

Dr. Phil tackles the controversial topic of cryptocurrency: digital currencies that are being hailed as the future of finance by some and a scam by others. This show airs on Tuesday in most markets.

Bitcoin Skids to Six-Month Low as Fears of Ukraine Conflict Shake Markets

Bitcoin Skids to Six-Month Low as Fears of Ukraine Conflict Shake Markets

Bitcoin tumbled almost 9% on Monday to its lowest in six months as fears of a Russian attack on Ukraine saw riskier assets worldwide extend their sell-off.

Bookies: You Don't Have to Meet Your Players to Pay Them Any More With This App

Bookie Agent App for Paying and Collecting Money Without Having to Meet Face to Face

Introducing Agent Payment 4K.  It's a complete player payment control app only available at Power Pay Per Head. 

The Fed May Create a US Digital Currency

The Fed May Create a US Digital Currency

The central bank just released a 40-page study on the benefits and risks of a central bank digital currency (CBDC).  The agency avoided taking any type of stance on the matter.

Russia Proposes Ban on Use and Mining of Cryptocurrencies

Russia Proposes Ban on Use and Mining of Cryptocurrencies

Russia's central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens' wellbeing and its monetary policy sovereignty.

Syndicate