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Las Vegas Sands Corp. Message Board

  • mrtaxx mrtaxx Mar 27, 2013 9:39 AM Flag

    Deutsche Bank Says the Time to Buy Macau Gaming Stocks Is Now (WYNN, MPEL, MGM, LVS)


    Deutsche Bank Says the Time to Buy Macau Gaming Stocks Is Now (WYNN, MPEL, MGM, LVS)

    Posted: March 27, 2013 at 8:05 am

    The journey to any gambling and entertainment mecca is an experience that even non-gamblers often want to put in their travel bucket list. Located off the Chinese coast on the South China Sea, the Asian version of Las Vegas is no different. For gambling, shopping, dining, entertainment and more, Macau is the place to be.

    This former Portuguese colony is one of the two special administrative regions of the Peoples Republic of China, the other being Hong Kong, which is just 37 miles to the northwest. In 2002, the Macau government ended the former monopoly gambling system and six casino operating concessions were granted.

    The gaming analysts at Deutsche Bank A.G. (NYSE: DB) feel that high-speed rail is changing Macau’s visitor profile. The new visitor is more likely to have come from further away, spend a night in a hotel and spend more on shopping. The biggest data point for investors is Macau casinos’ total revenue soared 29.5% in March through Sunday, compared to a year ago. Backing the Deutsche Bank opinion, RBC Capital Markets raised its 2013 revenue growth forecast for Macau casinos to 10.5%, up from 10%.

    Given those positive data points and share prices that have fallen as much as 14% from their peaks, the Deutsche Bank team says the time to buy the gaming stocks with exposure to Macau is now. The stocks to buy on their list trade Asian shares on the Hong Kong exchange. Here we focus on the American-traded counterparts. The following are the Macau gaming stocks to buy now.

    With more than 1,000 rooms and almost 500 gaming tables in Macau, Wynn Resorts Ltd. (NASDAQ: WYNN) is a top name to buy. The Thomson/First Call price target for this Wall St. favorite is $141.

    Based in Hong Kong, Melco Crown Entertainment Ltd. (NASDAQ: MPEL) owns and operates three successful resorts in Macau with more than 600 combined ga

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