Gaming Industry Overview Initiating Coverage 20 September 2011英文精品课件.pdf

North America United States y Consumer Gaming Lodging n a p m o Coverage Change C 20 September 2011 We Are Launching Coverage on 12 Gaming Stocks We are launching coverage on eight h Gaming Industry gaming operator stocks and four gaming c r equipment suppliers. In the current a environment, we favor the large cap e LV/Macau-centric names: LVS, our top s Overview overall pick, WYNN, and MGM. We e R believe PENN, and to a lesser extent, ISLE, are the best ways to play the s domestic regional names. At present, we t e are on the sidelines with respect to the k traditional slot equipment names,