Asia
Wynn, Sands, Other Casino Stocks Soar On Bullish Macau Gambling Forecast

Gambling revenue in Macau could have its best gain since July, according to an analyst report, sending casino stocks higher.
Bernstein expects January’s year-over-year gross gambling revenue to rise 22% to 24%, suggesting the highest growth rate since July’s 29.2% gain.
Monthly revenue growth the Chinese special administrative region, the world’s largest gaming market and the only place in China where gambling is legal, was 14.6% in December and 22.6% in November.
Wynn Resorts (WYNN) shares rose 1.9% on the stock market today while Las Vegas Sands (LVS) climbed 2.3%, both hitting their best levels intraday since 2014. Melco Resorts & Entertainment(MLCO) advanced 3.3%. MGM Resorts (MGM), which has Macau operations but is more Vegas-centric than Wynn or Las Vegas Sands, gained 2.85%, hitting a record high. MGM Resorts is still in buy range.
Macau had a strong year with revenue growth up 19.1% in 2017 vs. 2016, according to data from the Gaming Inspection and Coordination Bureau.
But the gains come as Macau considers tougher regulations. Last year, authorities accused junket operators — the middlemen who try to get VIPs to spend big in casinos — of money-laundering and capped daily ATM withdrawals for China UnionPay cardholders.
-
Affiliate Industry6 days ago
Affiliates are the key to unlocking operator success in Africa
-
Asia6 days ago
Asian Poker Tour Announces Cancellation of APT Manila 2025
-
Asia6 days ago
Birmingham City Forms Alliance with GOD55 as Their Official Asian Betting Partner
-
Compliance Updates6 days ago
EPIC Global Solutions highlighted as a key element in PrizePicks’ iCAP Accreditation
-
Africa5 days ago
Springbok Casino is Offering 25 Free Spins in Honour of South Africa’s Top 5 Wild Egg Hunters
-
Asia5 days ago
Asia Pioneer Entertainment Holdings Limited Announces FY2024 Annual Results: Returns to Profitability with Strong Revenue Growth
-
Africa4 days ago
Play’n GO announces landmark South African partnership with Hollywoodbets
-
eSports6 days ago
TEAM VITALITY WINS BLAST OPEN SPRING 2025 AND EXTENDS WIN STREAK TO 16 MATCHES