- 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.
Jim Chanos warns on Macau
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Symbol | Last Price | % Chg |
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MLCO | - | - |
Melco Resorts & Entertainment Limited |