Chinese New Year forecast to bring no relief for Macau

• Wells Fargo is in with a bearish call on Macau gaming revenue for February.
• The month could see a drop of 35% to 42% amid the "new normal" of harsher government restrictions, according to Wells.
• Gaming revenue was down 13% M/M for the first week of the month, although an extra weekend day factored in.
• The Chinese New Year (Year of the Sheep) holiday period begins February 19.
• Macau-related stocks: MPEL, MGM, WYNN, LVS, OTCPK:GXYEF, OTCPK:SJMHF.