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Fly News Breaks for September 8, 2015
MGM, LVS, WYNN, MPEL
Sep 8, 2015 | 08:19 EDT
Bernstein notes that Macau's Mass GGR strengthened in August versus July, and the firm says that the Mass segment is stabilizing on a sequential basis, which it views as "encouraging." Bernstein preidcts that VIP gambling will stay weak "for the foreseeable future." Nonetheless the firm expects Macau to bottom by the end of the year, before resuming growth in 2016. It keeps an Outperform rating on Melco Crown (MPEL). Other name sin the sector include Wynn Resorts (WYNN), Las Vegas Sands (LVS), and MGM (MGM).