According to Citigroup
Macau casino stocks look strong
2012-09-05
Reading time 27 seg
(Macau).- Investment bank Citigroup is forecasting casino gross gaming revenue in Cotai to grow by 24 % year-on-year in the second half of 2012. In the opposite direction, gaming revenue on the peninsula is expected to drop by 2 %, analysts led by Anil Daswani wrote last week in a client note.
Macau casinos could see a further surge in gambling revenue in August, according to Citigroup, which said the gambling hub continues to look like a good bet for investors.
Not surprisingly, the top picks for Macau by Citi are all gaming operators with Cotai exposure and focus on the mass market segment: Melco Crown Entertainment, Sands China and Galaxy Entertainment Group.
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