{"id":160171,"date":"2021-01-04T12:03:01","date_gmt":"2021-01-04T20:03:01","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=160171"},"modified":"2021-01-04T13:55:06","modified_gmt":"2021-01-04T21:55:06","slug":"macau-rebound-best-played-with-las-vegas-sands-wynn","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/macau-rebound-best-played-with-las-vegas-sands-wynn\/","title":{"rendered":"Las Vegas Sands, Wynn Are Macau Names to Remember Following Forgettable 2020"},"content":{"rendered":"

Last year, the six Macau concessionaires won just $7.53 billion combined, as the coronavirus pandemic forced the worst annual gross gaming revenue (GGR) tally in the special administrative region (SAR) since 2006. But analysts are optimistic about rebound prospects in 2021.<\/p>\n

\"Wynn
Wynn Palace in Macau, seen here. An analyst is bullish on that stock and shares of Las Vegas Sands for 2021. (Image: Wall Street Journal<\/em>)<\/figcaption><\/figure>\n

Coming off a 79.3 percent GGR decline last year, Macau is still grappling with sluggish play levels due in part to VIPs remaining at bay. But visitation trends are perking, indicating there could be strength in the mass and premium mass segments as 2021 unfolds.<\/p>\n

Our current 2021 GGR growth forecast estimate is in a range of +200 percent to +250 percent,\u201d<\/strong> said Stifel analyst Steven Wieczynski in a new research report. <\/span><\/p><\/blockquote>\n

\u201cOur forecast compares with the current CM consensus of +224 percent (190 percent to 250 percent range). We assume the market won\u2019t show any growth until around February (Chinese New Year time frame),” he continued.\u00a0<\/span><\/p>\n

One catalyst in favor of operators with strong mass and premium mass client bases is that efficiencies are expected this year for individual visit scheme (IVS)<\/a> travel permits. That’s something that was lacking over the last several months of 2020, as that system was restored following a multi-month suspension.<\/span><\/p>\n

Loving LVS<\/span><\/h2>\n

Market observers believe mass and premium mass gamblers can power a Macau rebound,<\/a> and that could bode well for Las Vegas Sands (NYSE:LVS). The SAR’s largest operator relies less on high-end gamblers than some of its rivals, positioning it to capitalize as the visitation levels increase.<\/span><\/p>\n

LVS runs five integrated resorts in the Chinese territory. And it’s opening its Londoner Macau property sooner than expected. <\/span><\/p>\n

\n

That could help the company benefit from Chinese New Year travel. Coming off a decline of almost 14 percent in 2020, Sands is one of Wall Street’s favored gaming ideas for 2021<\/a>, with some analysts saying it’s the preferred avenue for investors seeking exposure to the Macau recovery story.<\/span><\/p>\n<\/div>\n

\u201cWe believe LVS\u2019 unrivaled scale and investments for the future position its Macau business to remain a leader in the world\u2019s premiere gaming market for the foreseeable future,\u201d said Wieczynski. \u201cAdditionally, what we view as the company\u2019s impeccable balance sheet not only adds a level of safety and security to the story but also favorably positions the company to successfully pursue any global integrated resort development opportunities of size that come along in the future, in our view.\u201d<\/span><\/p>\n

Early in 2021, the rumor mill is already swirling<\/a> as it pertains to LVS takeover ambitions. <\/span><\/p>\n

A Nod to Wynn<\/span><\/h2>\n

Wynn Resorts (NASDAQ:WYNN) is another gaming stock gaining favor on Wall Street,<\/a> with some analysts saying the company’s two Macau integrated resorts aren’t as VIP-dependent as some investors are led to believe.<\/span><\/p>\n

While Wynn is known for catering to a high-end clientele in the US and Macau, it was breaking even on the basis of earnings before interest, taxes, depreciation and amortization (EBITDA) in the SAR in October and November.<\/span><\/p>\n

\u201cProvided VIP gaming trends show any signs of improving off of a near-term bottom, we expect to see relative outperformance in WYNN shares, given the company\u2019s greater relative exposure to the VIP\/premium mass segments of the market,\u201d<\/span><\/strong> notes Wieczynski.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Last year, the six Macau concessionaires won just $7.53 billion combined, as the coronavirus pandemic forced the worst annual gross gaming revenue (GGR) tally in the special administrative region (SAR) since 2006. But analysts are optimistic about rebound prospects in 2021. Coming off a 79.3 percent GGR decline last year, Macau is still grappling with […]<\/p>\n","protected":false},"author":46,"featured_media":160172,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[],"acf":[],"yoast_head":"\nMacau Rebound Best Played with Las Vegas Sands, Wynn<\/title>\n<meta name=\"description\" content=\"Las Vegas Sands and Wynn Resorts are among the best ideas for investors seeking Macau rebound exposure, says an analyst.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/macau-rebound-best-played-with-las-vegas-sands-wynn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macau Rebound Best Played with Las Vegas Sands, Wynn\" \/>\n<meta property=\"og:description\" content=\"Las Vegas Sands and Wynn Resorts are among the best ideas for investors seeking Macau rebound exposure, says an analyst.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/macau-rebound-best-played-with-las-vegas-sands-wynn\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-04T20:03:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-01-04T21:55:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/01\/wp.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1242\" \/>\n\t<meta property=\"og:image:height\" content=\"810\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/macau-rebound-best-played-with-las-vegas-sands-wynn\/\",\"url\":\"https:\/\/www.casino.org\/news\/macau-rebound-best-played-with-las-vegas-sands-wynn\/\",\"name\":\"Macau Rebound Best Played with Las Vegas Sands, Wynn\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/macau-rebound-best-played-with-las-vegas-sands-wynn\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/macau-rebound-best-played-with-las-vegas-sands-wynn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/01\/wp.jpg\",\"datePublished\":\"2021-01-04T20:03:01+00:00\",\"dateModified\":\"2021-01-04T21:55:06+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Las Vegas Sands and Wynn Resorts are among the best ideas for investors seeking Macau rebound exposure, says an analyst.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/macau-rebound-best-played-with-las-vegas-sands-wynn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/macau-rebound-best-played-with-las-vegas-sands-wynn\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/macau-rebound-best-played-with-las-vegas-sands-wynn\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/01\/wp.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/01\/wp.jpg\",\"width\":1242,\"height\":810,\"caption\":\"Wynn Palace in Macau. Operator Wynn Macau could exceed EBITDAR estimates this year.(Image: Wall Street Journal)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/macau-rebound-best-played-with-las-vegas-sands-wynn\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Asia Pacific Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/asia-pacific-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Las Vegas Sands, Wynn Are Macau Names to Remember Following Forgettable 2020\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Macau Rebound Best Played with Las Vegas Sands, Wynn","description":"Las Vegas Sands and Wynn Resorts are among the best ideas for investors seeking Macau rebound exposure, says an analyst.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/macau-rebound-best-played-with-las-vegas-sands-wynn\/","og_locale":"en_US","og_type":"article","og_title":"Macau Rebound Best Played with Las Vegas Sands, Wynn","og_description":"Las Vegas Sands and Wynn Resorts are among the best ideas for investors seeking Macau rebound exposure, says an analyst.","og_url":"https:\/\/www.casino.org\/news\/macau-rebound-best-played-with-las-vegas-sands-wynn\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2021-01-04T20:03:01+00:00","article_modified_time":"2021-01-04T21:55:06+00:00","og_image":[{"width":1242,"height":810,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/01\/wp.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/macau-rebound-best-played-with-las-vegas-sands-wynn\/","url":"https:\/\/www.casino.org\/news\/macau-rebound-best-played-with-las-vegas-sands-wynn\/","name":"Macau Rebound Best Played with Las Vegas Sands, Wynn","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/macau-rebound-best-played-with-las-vegas-sands-wynn\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/macau-rebound-best-played-with-las-vegas-sands-wynn\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/01\/wp.jpg","datePublished":"2021-01-04T20:03:01+00:00","dateModified":"2021-01-04T21:55:06+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Las Vegas Sands and Wynn Resorts are among the best ideas for investors seeking Macau rebound exposure, says an analyst.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/macau-rebound-best-played-with-las-vegas-sands-wynn\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/macau-rebound-best-played-with-las-vegas-sands-wynn\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/macau-rebound-best-played-with-las-vegas-sands-wynn\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/01\/wp.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/01\/wp.jpg","width":1242,"height":810,"caption":"Wynn Palace in Macau. Operator Wynn Macau could exceed EBITDAR estimates this year.(Image: Wall Street Journal)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/macau-rebound-best-played-with-las-vegas-sands-wynn\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Asia Pacific Gaming","item":"https:\/\/www.casino.org\/news\/asia-pacific-gaming\/"},{"@type":"ListItem","position":3,"name":"Las Vegas Sands, Wynn Are Macau Names to Remember Following Forgettable 2020"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/160171"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=160171"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/160171\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/160172"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=160171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=160171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=160171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}