Las Vegas Sands and Wynn Resorts Focus on Asian Markets to Fuel Growth
Five Star Equities Provides Stock Research on Las Vegas Sands and Wynn Resorts
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 04/27/12 -- The Resorts & Casinos Industry has provided impressive gains for investors in 2012, the Market Vectors Gaming ETF (BJK) has gained nearly 22 percent year-to-date. "The casino and gaming business may be poised for a high-rolling 2012, thanks to signals both domestically and abroad that may bode well long term for the sub-industry," said S&P Capital IQ in a recent report. The Paragon Report examines investing opportunities in the Resorts & Casinos Industry and provides equity research on Wynn Resorts, Limited (NASDAQ: WYNN) and Las Vegas Sands Corp. (NYSE: LVS).
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The big casino companies have been increasingly reliant on Asia to fuel growth. The Chinese gambling market grew over 32 percent annually in the last 5 years. Despite concerns over China's economic growth analyst predict gaming revenues from China to remain "healthy" in 2012 as market penetration for gaming in China is still relatively low. According to PricewaterhouseCoopers, "Macau is set to become the world's biggest gaming market in 2013 and it expects Macau to almost double its revenues over the next five years, accounting for about a third of total global casino earnings."
Paragon Report releases regular market updates on the Resorts & 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 free at and get exclusive access to our numerous stock reports and industry newsletters.
Morningstar Casino Industry analyst Chad Mollman says Wynn Resorts "has positioned itself as the premier luxury brand in the casino market in China, providing the company with the highest-spending gamblers and resort customers, who pay the highest room rates and bet the most per hand in the industry."
Las Vegas Sands is taking a different approach to the Asian market. The company currently holds one of two casino licenses in Singapore and one of six licenses in China. "The company is focused on mass market customers in Asia, a market that has higher margins, lower volatility in results, and better growth prospects than the VIP (high-roller) market." according to Morningstar's Mollman.
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Datum: 27.04.2012 - 12:20 Uhr
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