Credit Suisse brushes off worries about China, saying Macau gambling will gradually slow, but...

|By:, SA News Editor

Credit Suisse brushes off worries about China, saying Macau gambling will gradually slow, but won't fall apart like it did in 08-09: "First, the new openings by Sands China will inject more working capital into the junket system and stimulate growth. Second, mass-market has continued to show strong momentum with no sign of slowing." Analysts with the firm project the sector - including favorites SJMHF.PK, LVS, WYNN, and MGM - trade at a reasonable 18.5X projected 2012 earnings.