ong-term fundamentals of the sector remain intact and investors are recommended to buy, Nomura analysts Charlene Liu and Michael Shen wrote in client note. According to them, gross gaming revenue is already due to resume double-digit growth this month.
Morgan Stanley expects revenue for June to rise 17 percent year-on-year.
Goldman Sachs analysts Simon Cheung and Janet Lu expect the value of Macau gaming stocks to start to emerge soon after a 20 percent correction on average took place in May.
The firm still estimates a full-year gross gaming revenue of 22 percent for Macau’s casinos.
In terms of market share, SJM Holdings continued leading the market in May, with a market share of 29 percent, up by 4 percentage points month-on-month, industry sources told Macau Business Newsletter.
Galaxy Entertainment Group remained second, with a share of 20 percent, followed by Sands China, which got a 17 percent stake of the gross gaming revenue for May.
Melco Crown Entertainment remained in fourth position, with a 12 percent share, followed by Wynn Macau and MGM China Holdings, both with a market share of around 11 percent, although with Wynn slightly ahead.