According to Morgan Stanley
Macau: gaming to grow 15 % on 2012
(Macau).- Morgan Stanley expects Macau’s gaming industry to post a 15 % growth in 2012. The investment bank says that the mass market will grow at a rate of 24 %, double that of the VIP segment, in 2012.
2012-01-09
Reading time 25 seg
(Macau).- Morgan Stanley expects Macau’s gaming industry to post a 15 % growth in 2012. The investment bank says that the mass market will grow at a rate of 24 %, double that of the VIP segment, in 2012.
In an investors note released on the weekend, analysts Praveen K. Choudhary and Katherine Sun say they prefer companies with exposure to Cotai, namely Sands China, Galaxy Entertainment Group and Melco Crown Entertainment.
The analysts expect slower growth for peninsula-based companies – Wynn Macau, MGM China Holdings and SJM Holdings.
As a result, Morgan Stanley has replaced SJM on its “Best Ideas” list with Sands China.
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