Last year was a mostly tepid one for Macau casino stocks and with the December and 2024 gross gaming revenue (GGR) report released earlier today similarly lukewarm, some investors may not be enthusiastic about these stocks to start 2025. However, at least one analyst believes the group is ripe for upside this year. The Wynn Macau integrated resort. An analyst believes the operator could be a winner among Macau casino stocks this year. (Image: Bloomberg) In a new report to clients, Stifel analyst Steven Wiecyznski said market participants have more than adequately priced in concerns regarding the macroeconomic climate in China and Macau gaming equities could deliver upside this year. We believe the setup is compelling for Macau-centric names heading into 2025. Stocks massively underperformed our coverage universe not only in 2024 but also since the pandemic kicked in. China macro fears remain the primary culprit as to why investors don’t want to revisit this group,” wrote the analyst. “However,… Read More
Category: Asia Pacific Gaming, Financial, asia pacific gaming
Source: Casino.org
