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Macau Casino Bulls See Stock Rally Extending as Revenue Grows

Macau Casino Bulls See Stock Rally Extending as Revenue Grows

Bloomberg2 days ago
Macau casino stocks are poised to continue their recent outperformance as special events and luxury hotel offerings help drive a recovery in gross gaming revenue, sell-side analysts say.
A Bloomberg Intelligence gauge of Macau gaming shares has risen 53% from a low in April, compared with a 30% gain in the Hang Seng Composite Index. That's come as monthly gaming revenue for the world's biggest gambling hub beat analyst expectations for each of the past three months.
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