Nomura estimates Macau gross gaming income will improve 10% to 15% Y/Y amid simple comparisons and an earlier begin to the Chinese language New Yr. Analyst Harry Curtis expects a really sturdy GGR tally for the following two weeks within the area.
Financial institution of America Merrill Lynch sees Macau February GGR of ~5%. “We consider the sturdy site visitors ought to assist mass income however for VIP, as the largest purchasers normally go to Macau after the official vacation season, we have to see how sturdy the tail is to find out the true VIP demand,” notes the agency.
Jefferies is extra cautious on the month, forecasting solely a 1% to three% improve in GRR.
Macau on line casino shares: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Leisure (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY), Melco Resorts (NASDAQ:MLCO).
Associated ETF: BJK