- The word from across the Pacific is that early channels checks on Macau gaming revenue look strong.
- JPM Securities forecasts a run rate of 15% Y/Y growth after eight days, with demand strong for the high-end of both the VIP and mass market segments. The January revenue outlook from Aegis Capital is even stronger, while Bernstein sees 10% to 12% growth for the full month (source Bloomberg).
- Looming large in the casino sector is the Chinese New Year, which begins on January 27.
- The SA Marketplace roundtable sized up the prospects for Macau over the weekend.
- Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY), Melco Crown (MPEL).
- Related ETF: BJK.