{"id":12921,"date":"2020-12-21T22:00:43","date_gmt":"2020-12-21T22:00:43","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=12921"},"modified":"2026-04-23T23:00:46","modified_gmt":"2026-04-24T02:00:46","slug":"analyst-sees-recovery-for-us-based-casino-operators-in-macau","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/analyst-sees-recovery-for-us-based-casino-operators-in-macau","title":{"rendered":"Analyst sees recovery for US-based casino operators in Macau"},"content":{"rendered":"\n

For Stifel analyst Steven Wieczynski, the stock prices for Wynn, Las Vegas Sands and MGM have room to grow in 2021.<\/p>\n\n\n\n\n\n\n\n

Macau.- Financial analysts expect the stock of the main US-based casino operators in Macau to begin 2021 with steady growth.<\/p>\n\n\n\n

For Stifel analyst Steven Wieczynski, the recovery of the largest casino hub in the world is not a question of \u201cif\u201d but \u201cwhen\u201d.<\/p>\n\n\n\n

He said: \u201cWhile the recovery time line around Macau remains an unknown, we continue to believe in the long-term resiliency of the market, and believe it\u2019s a matter of when, not if, the market returns to normal\/accelerated levels.\u201d<\/p>\n\n\n\n

Wieczynski noted the Macau market is not only impacted by travel restrictions due to the Covid-19 pandemic but also by China\u2019s recent crusade against the outflow of gambling funds<\/a><\/em><\/strong>.<\/p>\n\n\n\n

In spite of those challenges, analysts at Stifel believe mass and premium mass gamblers will soon get Macau\u2019s motors running again.<\/p>\n\n\n\n

Evidence has been sen in the recent increase in gaming tax income<\/a><\/em><\/strong>. The SAR collected MOP2.83bn (US$354.6m) in gaming tax revenue in November, a jump of 203 per cent from October.<\/p>\n\n\n\n

For January through November, the authorities collected only MOP27.2bn (US$3.4bn). That represents a fall of 73.9 per cent from MOP104bn (US$13bn) in the same 11 months in 2019.<\/p>\n\n\n\n

In that context, Wieczynski sees a potential increase in casino stock prices. <\/p>\n\n\n\n

He said: \u201cStill, shares of LVS, MGM and Wynn are lower by an average of almost 13 per cent year-to-date, while the S&P 500 is higher by 14.7 per cent. That scenario could imply the US-based Macau operators have room to run in 2021.<\/p>\n\n\n\n

\u201cWe believe consensus estimates are reasonable and this, in turn, should allow investors to get more comfortable with Macau-centric names, as they won\u2019t have to endure multiple negative estimate reductions moving forward.”<\/p>\n\n\n\n

He also believes new money will pour into the US-based casino stocks: \u201cFrom here, we expect to witness sequential improvements in the Macau market, which should drive investor interest higher in the near-term.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

For Stifel analyst Steven Wieczynski, the stock prices for Wynn, Las Vegas Sands and MGM have room to grow in 2021.<\/p>\n","protected":false},"author":2,"featured_media":12923,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Stifel analyst Steven Wieczynski projects significant growth potential for US-based Macau casino operators like Wynn, Las Vegas Sands, and MGM in 2021. Despite ongoing travel restrictions and China's crackdown on gambling fund outflow, the analyst anticipates a market recovery driven by mass and premium mass gamblers, citing recent increases in Macau's gaming tax revenue as an indicator.","focusai_entities":"Stifel, Steven Wieczynski, Wynn, Las Vegas Sands, MGM, S&P 500","focusai_location":"Macau, China, US","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.9), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Recovery Drivers?","query":"What specific indicators beyond gaming tax revenue are Stifel analysts monitoring to confirm the sustained recovery of Macau's mass and premium mass segments?"},{"label":"China Fund Outflow Impact?","query":"How might China's ongoing policy against gambling fund outflow structurally alter Macau's VIP segment, and what are the long-term implications for operator GGR diversification strategies?"}],"footnotes":""},"categories":[16338,163,158],"tags":[12436,257,22127],"class_list":["post-12921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-casinos","tag-macau","tag-stocks"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=12921"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12921\/revisions"}],"predecessor-version":[{"id":12940,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12921\/revisions\/12940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12923"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=12921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=12921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=12921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}