|Bid||62.650 x 400|
|Ask||62.660 x 500|
|Day's range||61.900 - 63.000|
|52-week range||49.090 - 66.220|
|PE ratio (TTM)||27.24|
|Earnings date||26 Jul 2017|
|Dividend & yield||2.92 (4.68%)|
|1y target est||63.53|
MGM Resorts, Las Vegas Sands, Wynn Resorts, Melco Resorts & Entertainment and Boyd Gaming all report Q2 earnings this week.
With five properties in Macau and one in Manila, Melco’s strategy is certainly wholly focused on Asia at this point. For the past two decades, even the big casino firms in the U.S. have been after the “whales” (big money, high spending customers) from China. Firms like Wynn Resorts Limited (NASDAQ:WYNN), Las Vegas Sands Corp (NYSE:LVS) and MGM Resorts International (NYSE:MGM) have been building a foothold in Macau as well, since not all Chinese whales swim to Vegas.
The gaming stocks belong to the broader Consumer Discretionary sector and the space is not expected to fare too well this earnings season.