- Macau gaming revenue is forecast to jump 19% in November to mark a 16th consecutive month of positive growth. Growth in the VIP segment is expected to outpace gains in the mass market segment.
- Some of the factors underpinning the strong growth are an easing of the anti-corruption drive and improved cash flows for junket operators.
- Macau GGR shot up 22% in October to sail past the consensus estimate.
- Sources: Bloomberg and Casino.org.
- 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 Resorts & Entertainment (NASDAQ:MLCO).
- Related ETF: BJK.