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Macau

Final Draft Of Macau Gaming Law: What Investors Need To Know

Final Draft Of Macau Gaming Law: What Investors Need To Know

The Macau Legislative Assembly signed the final draft of the new Macau gaming law this week. Bank of America analyst Billy Ng says there's nothing in the legislation that dampens his long-term bullish thesis on the Macau gaming market. Draft Updates: The final draft of the law includes the following changes:

Jun 17, 2022, 10:32 AM

4 Reasons Macau Casino Stocks Are Tanking

4 Reasons Macau Casino Stocks Are Tanking

Macau casino stocks have taken a beating so far in 2022, but the selling pressure has intensified in recent days. On Tuesday, Bank of America analyst Shaun Kelley highlighted at least four reasons investors are dumping Macau stocks.

Mar 15, 2022, 11:00 AM

Las Vegas Pandemic Recovery Continues To Outpace Macau's, Casino Analyst Says

Las Vegas Pandemic Recovery Continues To Outpace Macau's, Casino Analyst Says

Las Vegas, Nevada, and Macau, China, are two of the largest global casino gambling hubs. Both gaming destinations took big hits during the COVID-19 pandemic, but the latest gross gaming revenue numbers suggest the Vegas recovery continues to outshine struggling Macau.

Jan 4, 2022, 12:38 PM

Morgan Stanley Upgrades Melco Resorts On 2022 Prospects

Morgan Stanley Upgrades Melco Resorts On 2022 Prospects

Following two years of headwinds, Macau stocks are likely to outperform in 2022, and Melco Resorts & Entertainment Ltd (NASDAQ: MLCO) is poised to benefit from the easing of travel restrictions and license renewals, according to Morgan Stanley.

Dec 14, 2021, 11:17 AM

Macau And Las Vegas Gaming Revenues Are Headed In Opposite Directions: What's Next?

Macau And Las Vegas Gaming Revenues Are Headed In Opposite Directions: What's Next?

Las Vegas, Nevada, and Macau, China, are two of the largest global casino gambling hubs. Both gaming destinations took big hits during the COVID-19 pandemic, but the latest gross gaming revenue numbers suggest Vegas is bouncing back strong while Macau is still struggling.

Dec 6, 2021, 4:25 PM