The AGEM stock index for gaming equipment manufacturers plummeted by double digits in June, the second straight month of double-digit declines.
Founded in by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through gaming today website, podcasts, books, newspaper gaming today, radio visit web page, and premium investing services. The gaming industry has been through a volatile two year stretch, driven by the rapid decline in Macau's gaming market.
But as moves along, it appears that Macau's gaming market has hit bottom, and there's a little ray of hope on the horizon. And there couldn't be better news for the gaming industry, considering the rapid increase in gaming resorts opening gaming today the next 18 months.
WYNNLas Vegas Sands NYSE: LVS gaming today, and Gaming today Resorts NYSE: MGM will all add properties to the Cotai region of Macau, which just added Studio Gaming today from Melco Crown NASDAQ: Which begs the question: The value in gaming To gaming today the market for investors, it's important to look gaming today the value for gaming companies as they stand today.
The gaming today way to do that is to look at the enterprise value market gaming today plus net debt of these companies compared to EBITDA, which is a proxy for cash flows. As you can see below, MGM Resorts is the cheapest gaming today stock on this measure, here Wynn Gaming today is the most expensive.
What this doesn't account for is the growth opportunities each company has ahead of it. For example, most of MGM Resorts' revenue comes from Gaming today Vegas, which is growing slowly and steadily, while Wynn Resorts is building a new resort called Wynn Palace in Macau that could double its revenue the moment it opens. So, we need to consider those growth opportunities.
New properties will reshape Macau As I mentioned, Melco Crown opened Studio Gaming today last year. Wynn Resorts will also gaming today Wynn Palace this summer, Las Vegas Sands is expecting to open The Parisian late this year, and MGM Resorts will open MGM Cotai in If you just look at the EBITDA numbers above, adding a single resort, Wynn Resorts click here likely get the biggest relative impact to here business with the resort, and Las Vegas Sands the smallest.
So the impact of new construction will be different for each company. Macau may also remain under pressure in as China's economy lumbers along. Making matters worse, these new resorts will cannibalize http://ge-sen.info/poitiers-geant-casino.php from existing resorts. If you only have one resort, like Wynn and Melco Crown do, that's not the end of the world, but Las Vegas Sands may lose business gaming today existing properties this year, even if Macau's gaming revenue gaming today flat.
When deciding on gaming today best stock in gaming, these new properties and the trends in gaming high five real casino slots need to be taken into account.
The best stock in gaming today Now that value and growth opportunities are laid out, we can look gaming today where investors should put their gaming bets. Considering the growth Wynn Palace will add to Wynn Resorts, I would rather own that stock than either Melco Crown or Las Vegas Sands, which don't have the same relative growth opportunities in and beyond. Gaming today, those two are out.
Las Vegas is growing slowly and steadily right now, gaming today MGM Cotai will be gravy for the company when it opens next year. And if management can reduce debt, it'll reduce risk further. Investors buying gaming gaming today today should take a look at MGM Resorts.
Travis Hoium owns shares of Wynn Resorts, Limited. The Motley Fool owns shares of Wynn Resorts, Limited. Try any of our Foolish newsletter services free for 30 days.
We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. Travis Hoium has been writing for fool. Skip to main content The Motley Fool Fool. Premium Advice Help Fool Answers Contact Us Login. Latest Stock Picks Stocks Premium Services. Stock Advisor Flagship service. Rule Breakers High-growth stocks.
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How to Invest Learn How to Invest. Personal Finance Credit Cards Best Credit Cards of Best Credit Card Betg 365 Bonuses Best Balance-Transfer Credit Cards Best Travel Credit Cards Best Cash-Back Credit Cards Best No-Annual-Fee Credit Cards. Mar 28, at 3: MGM Resorts International NYSE: Las Vegas Sands NYSE:
Topic: Gaming articles on Engadget Gaming today
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