UBS on gaming: After the VIP segment in Macau showed a significant profit premium over the mass...

|By:, SA News Editor
UBS on gaming: After the VIP segment in Macau showed a significant profit premium over the mass segment for years, on a profit-per-table basis mass is starting to gain some ground back. Does this mean the sector is a bit beat-up on negative VIP news? UBS doesn't quite answer that question directly, but pencils in Las Vegas Sands (LVS +3.2%) as the biggest beneficiary of the upward trend in mass, with MGM Resorts (MGM +0.5%) and Melco Crown (MPEL +3.1%) also in the hunt. Meanwhile, Wynn Resorts (WYNN +0.5%) could still be reeling from the VIP dropoff and spin its wheels a while.