Jefferies Has Thoughts On Gaming Sector (LVS)
Jefferies & Co. has some thoughts on the gaming sector, including Las Vegas Sands Corp. (NYSE: LVS). It rates shares at Buy.
In the research report, Jefferies writes, "We believe that Macau revenue data for the month of September will be released on October 1st, and view this prospective incremental information as a critical indicator for the Macau casino operators, particularly for LVS, MGM and WYNN. For 3Q10, we are conservatively forecasting casino revenue growth for the overall market of 35.2%. On a property level basis, we believe 3Q10 casino revenues should grow 17.7% across the aggregate of LVS' three core Macau properties, while we are modeling 48.6% growth for MGM's Grand Macau property, and 64.1% growth for WYNN's property."
Shares of Las Vegas Sands gained $1.74 on Friday to close at $33.73, a gain of 5.4%.
www.benzinga.com/analyst-ratings/...ughts-on-gaming-sector-lvs