International edition
June 23, 2021

Several companies to open multibillion dollar resorts on the Cotai Strip

Another year of double-digit gaming revenue forecast for Macau

(Macau).- According to Wall Street predictions, gaming companies are set to provide investors with the the best return yet in 2014. Las Vegas Sands Corp., Wynn Resorts, Limited and MGM Resorts International lead the pack. The three companies operate in Macau, which made a record USD 45.2 billion in gaming revenue in 2013. All three are adding more multibillion dollar resorts to the Cotai Strip.


usquehanna International Group, LLP gaming analyst Rachael Rothman said 2014 is expected to produce another year of double-digit gaming revenue growth in Macau. “We view Las Vegas Sands and Wynn to be best positioned among global gaming operators to capture development opportunities wherever they arise, and to continue to return capital to shareholders given solid balance sheets and strong management teams,” Rothman said.

Stifel Nicolaus Capital Markets gaming analyst Steven Wieczynski said MGM Resorts will become attractive to the investment community as additional value is given to its us$2.6 billion project on Cotai, which is expected to open in 2016.

MGM Resorts operates just one casino in Macau. Las Vegas, where MGM has 10 resorts including Bellagio, MGM Grand, Mandalay Bay and CityCenter, is the company’s ace in the hole. “In the interim, we expect our favorable first half of 2014 Strip outlook to disproportionately benefit MGM given its outsized presence along the Strip,” Wieczynski said.

One gaming company is flying under the radar and stands out, according to Janney Montgomery Scott gaming analyst Brian McGill. Slot machine maker Multimedia Games, Inc., which grew its net income 19 percent, or us$1.14 per share, in fiscal 2013, could see even larger returns in 2014. The manufacturer, which is based in Austin, Texas, but has sales and marketing offices in Las Vegas, rolled out its slot machines in Las Vegas last year.

McGill, who visited the Strip recently and saw customers playing Multimedia products on casino floors, said the company should catch the eyes of investors this year. “The success in Las Vegas, combined with several other new markets, will lead to strong growth in fiscal 2014 and into fiscal 2015,” McGill said. “We believe the company is seeing strong play levels with its core video product, its award-winning TournEvent game, and its daily fee High Rise games.”

What is your opinion about this article?
  • I like it
    0 votos
  • I don't like it
    0 votos
  • I have not thought about it
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook