Wells Fargo weighs in
Macau forecasts casino shares outperforming
2014-06-16
Reading time 19 seg
(Macau).- Wells Fargo reaffirmed its “outperform” rating for stocks from Macau casino operators. The stockbroker says there is a risk of a 10 percent downside for shares in Las Vegas Sands and Wynn Resorts as growth in VIP gaming revenue begins to decelerate.
It says near-term valuations of Macau casino stocks are still bottoming out and that the market for them could remain choppy over the summer.
But Wells Fargo says it remains bullish about its medium-term and long-term outlook.
Leave your comment
RELATED NEWS
Red River to add 150 slot machines
Comanche Nation Entertainment unveils major casino expansion plan in Oklahoma
Ahead of key September vote
Casino contenders face new test as community committees begin vetting New York’s downstate proposals
Face-to-face app-related concerns
Hard Rock opens Atlantic City service center to enhance customer support for online players
COMPANIES
AI-driven marketing capabilities
EGT Digital partners with Optimove to deliver real-time CRM in iGaming
High-stakes slot mechanics
Onlyplay releases Fire Crown slot with high-volatility bonus mechanic
Deal adds Hold and Win slots
3 Oaks Gaming partners with StarVegas to expand in Italian market
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
MAGAZINES
EVENTS
Event to take place in March 9-11
GLI returns as sponsor of the Gala Dinner for Regulating The Game 2026 in Sydney
To take place on February 3-5
Eventus International announces launch of Mexico Gaming Summit in 2026
Five expert-led sessions
SBC Summit 2025 to spotlight Africa’s gambling market with new conference track
EVENTS CALENDAR
Highlighted
SBC Summit Lisbon 2025
Highlighted
G2E LAs Vegas - Global Gaming Expo
Highlighted
IAGR 2025 The International Association of Gaming Regulators
Highlighted
Gaming in Germany 2025
Highlighted
GAT Expo Santo Domingo 2025
NOV 12th 25 / NOV 13th 25
Live Event Renaissance Jaragua Hotel y Casino, Santo Domingo, República Dominicana
Highlighted
BEGE 2025 Balkan Entertainment and Gaming Exhibition
Highlighted
