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Jim Chanos warns on Macau

  • Hedge fund manager Jim Chanos expects a profit squeeze in Macau as capacity outraces demand for casinos in the region.
  • "I think the estimates are going to come down huge," warns Chanos.
  • Much of the debate on Macau is focused on if the additional capacity coming online will lead to new mass market traffic or cut into room rate dramatically.
  • Macau related stocks: MPEL, MGM, WYNN, LVS, OTCPK:GXYEF, OTCPK:SJMHF.

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Melco Resorts & Entertainment Limited