Now that the latest monthly gross gaming revenue (GGR) numbers from Macau are out, Credit Suisse analyst Kenneth Fong updated his outlook for Macau casino operators Las Vegas Sands Corp. LVS 0.21%, MGM Resorts International MGM 1.61%, Wynn Resorts, Limited WYNN 0.89% and Melco Crown Entertainment Inc MPEL 4.05%. Although Fong is still waiting for positive data points indicating a recovery in Macau, he believes that investors should be buying any dips in the Macau names.

Sequential Stabilization

Macau GGR fell 35 percent year-over-year in July, but demonstrated sequential stabilization.

VIP GGR was down 46 percent in July, while mass revenue was down only 18 percent year-over-year in July compared to June’s 26 percent year-over-year decline.

Market Share

The biggest overall month-over-month market share gain went…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!