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Macau looks for Golden Week pop

  • Excitement is building in Macau for the Golden Week holiday. A channel check by Deutsche Bank indicated strong booking trends ahead of the holiday which runs from October 1 to October 8.
  • Investors hope the bookings translate into more casino traffic as several new resorts host their first Golden Week and look to bounce back from the typhoon lull.
  • Keep an eye on MGM Resorts (NYSE:MGM), Las Vegas Sands (NYSE:LVS), Wynn Resorts (NASDAQ:WYNN), Melco Resorts & Entertainment (NASDAQ:MLCO) and Galaxy Entertainment (OTCPK:GXYEF) to see if their recent uptrend continues into Golden Week.
  • Related ETF: BJK.

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