Two big winners tipped in Cotai expansion

2014-3-12

From：Macau Business

Galaxy Entertainment Group Ltd and Melco Crown Entertainment Ltd are best placed to benefit from the next phase of Macau’s development, Wells Fargo says.

Reuters quotes research by the United States stockbroker as saying Cotai’s expansion could more than double Macau’s annual gaming revenue to US$115 billion (MOP920 billion) in four years.

Galaxy Entertainment and Melco Crown will be the first to open new casino-resorts in 2015, giving them a first-mover advantage in the contest for more gaming tables and the best workers, Wells Fargo says.

Telsey Advisory Group says work in Cotai is proceeding apace.

It expects Wynn Resorts Ltd and MGM Resorts International to open their new resorts early in 2016, and Las Vegas Sands Corp to open its Parisian development late in 2015.

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