Tuesday, October 5, 2010
Gaming
Gaming: US casino stocks Wynn Resorts & Las Vegas Sands rose almost 4% after gambling revenue in Macau jumped 40% Sep, in line with Aug's 40% rise although slower than 67% pace achieved in 1H10 due to lower base effect. According to Macau's Gaming Inspection & Coordination Bureau, revenue totaled US$1.9b in Sep from a month earlier. Gambling revenue in 9M10 period advanced 60% yoy. The upbeat growth figures are expected to rub onto S'pore IRs whose 3Q results may surprise.
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