Nomura doesn’t believe<\/a> a three percent total GGR decline will hurt the gaming stocks’ bottom lines. Though Wynn remains committed to the high roller, other casino operators are appealing to the general public, and the pivot has led to more visitor arrivals.<\/p>\n<\/div>\nThe Macau Government Tourism Office announced last week that 35 million people will visit the enclave in 2018, with 70 percent coming from Mainland China. The roughly eight percent increase is a result of casinos becoming more family-friendly and diversifying their attractions.<\/p>\n
The recent opening of the Hong Kong-Zhuhai-Macau bridge is expected to further grow visitation. With much to be optimistic about, Nomura says it’s has a different Macau outlook than many others.<\/p>\n
“Sentiment on the group is terrible. Most investors believe that Macau is ‘uninvestable.’ Our experience has been that when opinions are so unanimously negative, then the risk\/reward is skewed to the upside,” Nomura concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gaming stocks for casino operators invested in Macau are positioned to grow in 2019. That’s according to research from Japanese brokerage firm Nomura, which says in a note this week that it’s bullish on the industry in the year ahead. Nomura’s note predicts that companies publicly traded in the US with casino resorts in Macau […]<\/p>\n","protected":false},"author":25,"featured_media":92875,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,18],"tags":[],"acf":[],"yoast_head":"\n
Analysts Bullish on Macau Gaming Stocks, Predict 20 Percent Growth<\/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