Wells Fargo sees Macau casino shares outperforming

2014/6/16

From：Macau Business

Wells Fargo has reaffirmed its “outperform” rating for stocks of Macau casino operators.

The stockbroker says there is a risk of 10 percent downside for shares in Las Vegas Sands Corp and Wynn Resorts Inc 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 remain bullish about the medium-term and long-term outlook.

Copyright@Macau Business