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Sigh of relief for Macau sector after Xi Jinping visit

  • Chinese President Xi Jinping devoted most of his energy to taking shots at dissidents in Hong Kong, instead of the gaming industry in Macau, during his visit to the territory over the weekend.
  • Casino analysts didn't see the elevated level of "heavy-handed" rhetoric that some expected.
  • The crackdown by Beijing on corruption and visa restrictions has been a major factor in Macau traffic this year.
  • Macau-related stocks: MPEL, MGM, WYNN, LVS, OTCPK:GXYEF, OTCPK:SJMHF.

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