Junket Crackdown in Macao Pressures Gaming Stocks (MGM) (LVS) (MPEL)
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Macau Junket Crackdown was Over a Week Ago and Is NOT Impacting Revenue - Analyst (LVS) (MGM) (WYNN) (MPEL)
December 4, 2012 12:28 PM ESTSterne Agee analyst David Bain commented on reports from the WSJ indicating 3 large junket operators had been detained in Mainland China on potential money laundering. Bains said checks suggest contact with Mainland Chinese authorities took place over a week ago. To date, it has not impacted Macau revenue, evidenced by the last week of Novembers GGR result, he said.
Bain comments on the... More
