Monday, June 25, 2012

Stock Alert - Wynn Resorts (WYNN -1.8%), MGM Resorts (MGM -5.1%), and Melco Crown Entertainment (MPEL -4.9%).- 6/25/12

Casino stocks with ties to Macau face pressure from a report (Chinese) tipping off that new visa and credit policies could cut into revenue totals for companies such Wynn Resorts (WYNN -1.8%), MGM Resorts (MGM -5.1%), and Melco Crown Entertainment (MPEL -4.9%). It's a game that local officials have played many times with gaming companies, with cynics pointing out their ability to reverse course as the wind magically changes direction

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