Macao Casinos Still Tarnished After Soft Golden Week Holiday

The Chinese Golden Week holiday didn't deliver the kinds of gains Macao casinos needed to lift them out of despair. Although gaming revenue for the first eight days of October nearly quadrupled from the month before, it's still down 76% from the year-ago period. It suggests Las Vegas Sands (NYSE: LVS), MGM Resorts (NYSE: MGM), and Wynn Resorts (NASDAQ: WYNN), which were counting on a Golden Week rebound, still have a long way to go before they can hope to recover.