Menu

House of Cards®

Blog

Macau Casino Recovery Storms Ahead Despite Typhoons, Gathering Clouds by Muhammad Cohen

Despite a pair of recent typhoon strikes, gaming revenue in Macau rose 20.4% year on year in August, ushering in the second year of recovery for the world’s casino capital. While casino take has mounted in recent months, so have concerns in some quarters, and investor enthusiasm has waned for Macau stocks has waned. But second quarter earnings and continued 20%-plus gaming revenue growth have Morgan Stanley forecasting a cycle of consensus earnings revisions and individual stock upgrades now underway.

CONTINUE READING

Go Back

Comment

Blog Search

Blog Archive