Jefferies analyst favours Galaxy, Sands and Wynn in Macau casino market
A Jefferies analyst said Macau casino shares could rise further as gross gaming revenue strengthened. Channel checks cited by Anne Ling put revenue for the week ending 24 August 25% above a year earlier and 9% above the prior week; Ling forecast August growth in the low to mid teens and named Galaxy Entertainment, Las Vegas Sands and Wynn Resorts as preferred stocks.
The analyst’s revenue outlook and named preferred stocks may inform investor assessments of Macau casino operators.