Casino and Gaming Business May Be Poised for a "High-Rolling" 2012
Five Star Equities Provides Stock Research on MGM Resorts International and Caesars Entertainment
(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 MGM Resorts International (NYSE: MGM) and Caesars Entertainment Corp. (NASDAQ: CZR).
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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.
MGM recently announced the appointment of William M. Scott IV to serve as Senior Resident Executive for Greater China. In this role, Mr. Scott will serve as the Resident Director of Diaoyutai MGM Hospitality, Ltd., MGM's joint venture with Diaoyutai State Guesthouse to promote hospitality projects in China. He will also act as MGM Resorts' resident director for MGM China Holdings Limited, which owns MGM Macau.
Caesars Entertainment Corporation is the world's most diversified casino-entertainment company. Since its beginning in Reno, Nevada, Caesars has grown through development of new resorts, expansions and acquisitions and now operates casinos on four continents. The company will host a conference call on Tuesday, May 1, 2012, at 2 p.m. Pacific Time to review its first-quarter results.
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Datum: 27.04.2012 - 12:20 Uhr
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