Replies to post #67342 on Options Wonderland

[3xBuBu]

MGM looking very weak, next stop 12.5,
enjoy while u can ;-)

[3xBuBu]

Competition in Macau Heats Up
Over the past seven years, large companies in the Resorts and Casinos sector have begun moving into Macau after around 40 years of the Ho family completely controlling the casino business there. Since then several casino operators such as Las Vegas Sands and MGM Resorts International have moved in on the region to help it become the largest casino market in the world.
According to official statistics released last week Macau's the Gaming Inspection and Coordination Bureau, gambling revenue in the tiny region rose 42 percent in May from a year earlier. Following the data, RBS analyst Philip Tulk said he will raise his current forecast for Macau's gambling revenue to grow 28 percent in 2011. CLSA analyst Huei Suen Ng noted Macau's May revenue alone was equal to almost half of the $6.5 billion forecast for the Las Vegas Strip's gambling revenue for all of 2011.
http://www.marketwire.com/press-release/competition-in-macau-heats-up-nyse-lvs-1523558.htm

[3xBuBu]

MGM keep on sliding