Why Fitch Ratings Says Macau's Gaming Industry Is Likely To See 'Strong Pent-Up Demand'

On CNBC, Colin Mansfield of Fitch Ratings said Macau’s gaming industry is expected to see a "strong level of pent-up demand" amid the lifting of some travel-related covid-19 restrictions.

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He added, however, that demand may not be as strong in Macau for "another quarter or two," when compared to other regions like Las Vegas and Singapore, due to the uncertain situation in China, as Macau is also expected to continue following the same protocols as Mainland China.

Meanwhile, a JP Morgan analyst sees continued upside in the Macau SAR-centric equities, including Wynn Resorts Limited WYNN and Melco Resorts & Entertainment Ltd MLCO. Joseph Greff thinks recent policy moves and commentary would suggest China and Macau will gradually improve travel/mobility, setting up a recovery in the 2Q23.

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