The revenue is being fueled by the mass market, which casinos began catering more to in recent years after the People’s Republic began cracking down on VIP junket groups that fly high rollers from the mainland to the enclave. Katz believes the opening of the 34-mile Hong Kong-Zhuhai-Macau bridge that greatly reduces auto travel time from Hong Kong to Macau will be a positive.<\/p>\n
\nThe mass market is the long-term future of Macau, because they’re driving the profit growth,” Katz explained. Melco Resorts billionaire owner Lawrence Ho said earlier this year that general play margins are roughly four times higher than VIP play.<\/p>\n<\/blockquote>\n
That said, Katz voiced concerns that with the six licensed operators set to see their concessions expire in 2020 and 2022, the future of the enclave poses much risk. “We’re at an important moment to define what’s going on in that market,” Katz stated.<\/p>\n","protected":false},"excerpt":{"rendered":"
Jefferies gaming analyst David Katz is bullish on domestic casino stocks that he feels have been oversold this past year and are now cheap and ripe for the taking. Appearing on CNBC, Katz believes the gaming industry, especially in the US, presents numerous buying opportunities for investors. Everything looks like a screaming buy,” Katz declared. […]<\/p>\n","protected":false},"author":25,"featured_media":91790,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Gaming Analyst Bullish on Domestic Casino Stocks, Cautious on Macau<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n