Macau casino growth estimates clipped by Wells Fargo

  • Wells Fargo lowers its forecast for revenue growth in Macau to 11% from a prior forecast of 13%,
  • The investment firm thinks the VIP segment in Macau has seen some growth deceleration which will provide a bit of an offset to the continued strength in the mass market segment.
  • Macau related stocks: MPEL, MGM, WYNN, LVS, OTCPK:GXYEF, OTCPK:SJMHF

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Melco Resorts & Entertainment Limited