Macau's Rising Tide Lifts All Casinos

Before you go, we thought you'd like these...
Before you go close icon

Macau's gaming revenue grew 19.6% in the third quarter and everyone with operations in the region benefited. Las Vegas Sands was a clear winner with 32% growth and Melco Crown's City of Dreams grew 28% from a year ago. 

Those growth rates aren't surprising because both companies are focused on the booming Cotai region. What was surprising is improvement made on the Macau Peninsula, where Wynn Resorts and MGM Resorts have operations. Wynn's revenue was up 9.6% in the quarter and MGM's EBITDA grew 25%. The Fool's Erin Miller sat down with Travis Hoium to see how this should impact investors' view of gaming stocks going forward. 

More on top growth stocks
If you like Macau's growth and you're looking for more growth stocks, you've come to the right place. Motley Fool co-founder David Gardner, founder of the No. 1 growth stock newsletter in the world, has developed a unique strategy for uncovering truly wealth-changing stock picks. And he wants to share it, along with a few of his favorite growth stock superstars, WITH YOU! It's a special 100% FREE report called "6 Picks for Ultimate Growth." So stop settling for index-hugging gains... and click HERE for instant access to a whole new game plan of stock picks to help power your portfolio.

The article Macau's Rising Tide Lifts All Casinos originally appeared on

Erin Miller has no position in any stocks mentioned. Fool contributor Travis Hoium owns shares of Wynn Resorts. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

People are Reading