PRESS RELEASE
January 28, 2011
It is now the heart of earnings season and investors are eagerly awaiting
results from the Resorts and Casinos Industry. No doubt there will be pressure
on companies with a heavy presence in Macau to put up strong numbers. In 2010,
share prices doubled for most casinos with Asian operations. Additionally, Las
Vegas' economy is finally beginning to show signs of recovery. In turn, the
improving economy could lure gamblers back to the casinos. The Bedford Report
examines the outlook for companies in the Resorts and Casinos Industry and
provides research reports on Las Vegas Sands Corp. (NYSE: LVS) and Wynn Resorts
Ltd. (NASDAQ: WYNN).
Macau surpassed the Las Vegas Strip as the world's gambling core in 2006 after
the government allowed overseas casino operators to enter the region. According
to Macau's tourism agency, visitor arrivals in the gaming hotbed rose 15 percent
to 22.7 million in the first 11 months of 2010. These numbers are only likely to
raise going forward as the Macau-China boarder gate is set to expand its
capacity to more than double its current size for the upcoming Chinese New Year,
leading more gamers into the tiny region. In fact, CLSA Ltd projects that Macau
gaming revenues could surge 30 percent to $30 billion this year as visitors from
mainland China increase.
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.
Las Vegas Sands generates over 75% of its earnings from holdings outside of the
United States with operations in Macau and Singapore garnering most of the
attention. However, earlier this week Andy Abboud of Las Vegas Sands argued that
Florida should consider "destination casino resorts" as the next-best hope for
jobs and economic development. For the last two years Las Vegas Sands has been
attempting to bring its resort-style casinos and convention space to Miami.
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.
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