Casinos Fall On Report Gambling Off In Cash Cow Macau
Casino stocks fell hard Tuesday led by Melco Crown Entertainment (MPEL), which plunged 6.7% after Sterne Agee projected that revenue in Chinese gambling enclave Macau may grow at a single-digit rate in February. Wall Street expected double-digit growth. Las Vegas Sands (LVS), world's largest casino company, dipped 3.1% in Tuesday afternoon trading on the stock market today. Wynn Resorts (WYNN) and MGM Resorts International (MGM), which also have
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