Gaming heading towards new monthly record - analyst
Read into it as you will.
Macau gaming is off to a strong start in March said Sterne Agee’s analyst David Bain. According to Bain, Macau table-only gross gaming revenue (GGR) is MOP10.7 billion through March 10. Including slots, March’s full GGR run-rate is MOP34.4b, up 32 percent year-on-year. The firm is maintaining their 14 percent y-o-y growth estimate for March (MOP28.4b), and note their estimate calls for an all-time monthly record. The firm’s top Macau casino picks in the US markets remains Las Vegas Sands Corp. (NYSE: LVS) and Melco Crown Entertainment Limited (MPEL). Others “tradable” players in the sector are Wynn (Nasdaq: WYNN) and MGM (NYSE: MGM)