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April May Mean Showers For Sands, Other Macau Casinos • This Week in Gambling
Investors – Las Vegas Sands, Wynn Resorts, MGM Resorts International and others with casinos in Macau could be negatively affected by a slowdown in gambling revenue in the Chinese gaming hotspot. Wells Fargo analyst Cameron McKnight said in a report Monday that channel checks show April gaming revenue in the former Portuguese colony, now the top global casino gambling destination, is trending between 5% and 10% growth, well below the bank’s earlier midteens estimate. McKnight had earlier said he expected a slowdown in Macau gaming revenue in mid-2014, due to a possible slowdown in the high-roller “VIP” segment gaming that...
This Week in Gambling