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UBS: Regional competition a risk to Macau

|About: Melco Resorts & Entertain... (MLCO)|By: , SA News Editor

Regional junket competition could pose a risk to Macau casinos, warns UBS.

The investment firm notes higher-quality junkets to the Philippines and other new regions could cut into VIP traffic to Macau.

Further down the road, legalized gambling in Japan is also in the mix.

Macau related stocks: MPEL, MGM, WYNN, LVS, OTCPK:GXYEF, OTCPK:SJMHF.