Shares in Macau’s casino operators are likely to see continued improvement as traffic trends and gross gambling revenue performance improves, analysts at Deutsche Bank said.
“We believe continued improvement in sequential (weekly/monthly) GGR trends will serve as a tailwind for Macau stocks, including LVS with much if not all of the bad news priced in, in our view.”
It said regulatory declarations from China may drive play to Macau, over other international jurisdictions.
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