ReutersReuters

BofA Global Research raises PT on casino operators amid Macau strength

RefinitivOkuma süresi: 1 dakikadan kısa

** BofA Global Research raises PT on some U.S. casino operators, including Las Vegas Sands LVS, Wynn Resorts WYNN and MGM Resorts International MGM

** Brokerage says investors are getting much more constructive on potential 2H growth, given a recent revenue acceleration​ in May and June

** "Recent (Macau) GGR data has been strong, but we think promo could tick up as some of the recent strength has been VIP driven" - brokerage

** Including session moves, S&P 500 Casinos & Gaming (sub index) (.SPLRCCCGL) up 5.25% YTD

Company

New PT

Old PT

Las Vegas Sands

$52.5

$45

MGM Resorts International

$40

$35

Wynn Resorts

$125

$100

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