- Fitch Rating expects 2015 Macau casino gaming revenue to fall 29% Y/Y to $31B, compared to a prior forecast for a 22% slide.
- The outlook from the ratings agency is consistent with the adjusted consensus of investment firms after the first four months of the year came in below expectations.
- New casino openings slated to open in the region during the back half of the year are expected to help the sector move off a bottom.
- Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Melco Crown (MPEL), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY).