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Morgan Stanley Upgrades Melco Resorts On 2022 Prospects
Tuesday, December 14, 2021 - 12:17pm | 292Read More...Following two years of headwinds, Macau stocks are likely to outperform in 2022, and Melco Resorts & Entertainment Ltd (NASDAQ: MLCO) is poised to benefit from the easing of travel restrictions and license renewals, according to Morgan Stanley. The Melco Resorts & Entertainment Analyst:...
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Morgan Stanley Won't Bet On Las Vegas Sands This Year
Tuesday, January 21, 2020 - 12:35pm | 358Read More...Las Vegas Sands Corp. (NYSE: LVS) has outperformed peers with a near 30% surge since August. One analyst team thinks its luck has run out. The Rating Morgan Stanley analysts Thomas Allen and Praveen Choudhary downgraded Las Vegas Sands to Equal-Weight but raised their price target from $65 to $72....
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An Undervalued Gem In Macau: Morgan Stanley Upgrades Wynn Macau To Overweight
Monday, October 24, 2016 - 7:36am | 301Read More...Morgan Stanley’s Praveen Choudhary noted that while the opening of Wynn Palace missed expectations and could lead to negative revision of expectations, the market might be underestimating its long-term potential. Choudhary upgraded the rating on Wynn Macau, Limited, a part of the Macau...
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MGM China Is The Most Efficient Macau Operator
Wednesday, March 9, 2016 - 1:11pm | 327Read More...In a new report, Morgan Stanley analyst Praveen Choudhary takes a close look at which Macau casino operators are running the most efficient businesses. According to Choudhary, staff is the larest fixed cost for U.S.-listed Macau casino operators Las Vegas Sands Corp. (NYSE: LVS), Melco Crown...
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How Macau Growth Could Turn Positive By June 2016
Friday, January 29, 2016 - 3:17pm | 280Read More...As investors await the final January revenue numbers out of the Macau gaming industry, Morgan Stanley has released a new report claiming that revenue growth could return to Macau as soon as June 2016. Analyst Praveen Choudhary believes that December’s -22 percent revenue number is a...
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Morgan Stanley's Macau Visit 'Did Not Provide Much Optimism'
Tuesday, June 16, 2015 - 12:42pm | 438Read More...Morgan Stanley analysts recently made a trip to Macau to take a firsthand look at its struggling gaming industry. According to a new report by analyst Praveen Choudhary, Macau casino operators have little cause for optimism at this point. Here’s a breakdown of Morgan Stanley’s key...
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Morgan Stanley Downgrades Wynn Resorts Amid Concerns Over Macau's Market Growth
Monday, March 16, 2015 - 9:19am | 207Read More...In a report issued Monday covering the Gaming & Lodging Industry, Morgan Stanley downgraded Wynn Resorts, Limited (NASDAQ: WYNN) from Overweight to Equal-Weight amid concerns over the Macau market. Morgan Stanley also lowered Wynn Resorts' price target from $185 to $145. Analysts Thomas Allen,...
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UPDATE: Morgan Stanley Upgrades Melco Crown Entertainment
Monday, January 5, 2015 - 1:46pm | 317Read More...Analysts at Morgan Stanley recently upgraded Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL) from Equal-weight to Overweight and setting a $28 price target. Melco owns and operates casino and entertainment properties in Macau, China. The Numbers Analyst Praveen Choudhary believes...
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Sands China Ltd.: 'Worst Is Yet To Come,' Morgan Stanley Says
Thursday, October 16, 2014 - 11:20am | 243Read More...Las Vegas Sands Corp.'s (NYSE: LVS) Macau unit hasn't seen the worst of a business turn-down related to China's corruption crackdown, an analyst said Thurday. Sands China Ltd. (OTC: SCHYY) posted a 3.3 percent third-quarter profit gain, but Morgan Stanley's Praveen Choudhary...
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Morgan Stanley Comments On Hong Kong & Macau Gaming Industry
Friday, October 3, 2014 - 2:26pm | 303Read More...On Friday, Morgan Stanley analysts offered insight into the Hong Kong and the Macau gaming industry. Praveen Choudhary highlighted three negatives that may cause the firm to further reduce 2014 & 2015 EBITDA estimates: 1) single-digit growth due to smoking ban 2) VIP declines due to junket...
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Macau Casino Stocks Sink On Typhoon Floods, Analysts' Comments
Tuesday, September 16, 2014 - 12:15pm | 358Read More...A raft of Macau gambling stocks were sinking Tuesday after more negative noise came from a couple of Wall Street analysts and a major typhoon grazed the city. Wells Fargo's Cameron McKnight now expects September gambling revenue at the former Portuguese colony will drop by "the middle...
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Opportunities & Risk Surrounding 9 Casino Stocks, According to Morgan Stanley
Wednesday, June 18, 2014 - 3:04pm | 851Read More...Morgan Stanley and Morgan Stanley Asia Limited gave an overview on casino stocks in Las Vegas and Macau. U.S. Outlook Overview Morgan Stanley analyst Thomas Allen lowered 2014 Macau growth estimates in a note published Tuesday. Despite near-term concerns, the analyst remains confident for...
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Casino Stocks Rocked By Unexpected Macau Announcement
Tuesday, June 3, 2014 - 9:21am | 460Read More...Casino stocks are trading lower Tuesday morning following disappointing results from Macau. This reading comes just weeks after news spread of a government crackdown in the region. Gambling revenues rose 9.3 percent in May, while analysts were expecting growth between 13 and 15 percent; revenue...
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Morgan Stanley Reports that Las Vegas Sands Has A Winning Hand
Monday, October 28, 2013 - 12:13pm | 152Read More...Morgan Stanley analyst Thomas Allen reported that Las Vegas Sands (NYSE: LVS) is the best positioned company to benefit from the Macau mass market growth. U.S. casino & gaming stocks appear to be moving lower, as Morgan Stanley's analyst Praveen Choudhary recently downgraded Sands China,...
