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    Fancy a slice of Macao gaming action?

    21.05.12 By former board member Kazuo Okada for $800 million due to an unauthorized donation to a university in Macao. Similarly, Las Vegas Sands is dealing with a $375 million lawsuit pertaining to their acquisition of gaming concessions. It remains to be seen what the ramifications of these suits will be, but at least in the case of the former, concern over the lawsuit has resulted in some negative pressure on the stock.

    For investors looking for exposure to Macao, Melco and Las Vegas Sands are best-of-breed. Melco offers a pure play on Macao, offers Cotai exposure, has a new casino coming online in the next few years, and has a reasonable forward P/E of 16.9. Las Vegas Sands owns multiple casinos in Macao, with the brand new Cotai Central opening this month, has a forward P/E of 18.7, and generates more than half its revenue from Macao. Although both stocks offer exciting growth, both have experienced massive runs in the past six months -- MPEL is up 65% and LVS up 50%. That being said, investors with a long-term perspective may want to wait for a pullback before jumping in.


    Source: NASDAQ

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    Scott Cronick's Casino Action: Resorts' Torch club, White House at Taj, Luke ...
    Press of Atlantic City - May 19, 2011 'Twilight' star Peter Facinelli celebrated his best friend's bachelor party at Borgata Hotel Casino & Spa last weekend. Scott Disick of the E! Network visited The Pool at Harrah's Resort. Posted: Thursday, May 19, 2011 12:00 am | Updated: 11:55 am,

    How about a mega-casino for Marco – Guess where?
    Marco Eagle - May 24, 2011 Glenn Walton Special to the Eagle The only "casino" action on Marco is the occasional "Las Vegas Night" sort of party for charity fundraising. This was for Friends of the Library last year. Roulette dealer Jean Conklin

    Scott Cronick's Casino Action: Harry's Oyster House opening at Bally's ...
    Press of Atlantic City - May 12, 2011 Restaurateurs Frank Dougherty and his wife, Maureen Shay, will open Harry's Oyster House at Bally's Atlantic City in June. Posted: Thursday, May 12, 2011 12:00 am | Updated: 8:04 pm, Tue May 10, 2011. Frank Dougherty and Maureen Shay's restaurant

    Life's a gamble
    Hattiesburg American - May 19, 2011 Nestled along the beautiful Gulf of Mexico and Biloxi's Back Bay, the resort offers luxurious accommodations with stunning views, award-winning restaurants, one of the nation's best new golf courses and non-stop casino action. Details: (800) 725-2239

    Live Casino Action Won Approval in Italy
    UK Casino Times - May 27, 2011 Great news for our Italian friends and great news for the gaming industry: live casino gaming won the approval of the gaming authority in Italy, the Amministrazione Autonoma Monopoli di Stato (AAMS). Now players in Italy, whether in Rome,