{"id":427,"date":"2025-08-25T16:57:32","date_gmt":"2025-08-25T16:57:32","guid":{"rendered":"http:\/\/www.chuckwardrealestate.com\/?p=427"},"modified":"2025-09-22T12:09:15","modified_gmt":"2025-09-22T12:09:15","slug":"macau-casino-stocks-have-more-upside-potential-says-analyst","status":"publish","type":"post","link":"http:\/\/www.chuckwardrealestate.com\/index.php\/2025\/08\/25\/macau-casino-stocks-have-more-upside-potential-says-analyst\/","title":{"rendered":"Macau Casino Stocks Have More Upside Potential, Says Analyst"},"content":{"rendered":"<ul>\n<li><strong>Jefferies prefers Sands, Wynn among US-based Macau operators<\/strong><\/li>\n<li><strong>Gross gaming revenue (GGR) data supportive of further upside<\/strong><\/li>\n<li><strong>Last week was a banner period of GGR increases for Macau casinos<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>Against the backdrop of resurgent gross gaming revenue (GGR) data, Macau casino stocks are in rally mode and more upside could be on the way, says at least one analyst.<\/p>\n<figure id=\"attachment_329331\" aria-describedby=\"caption-attachment-329331\" data-style=\"width: 858px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-329331 size-post-thumbnail-858xAUTO lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"Macau casino revenue gaming GGR\" width=\"858\" height=\"572\" data-src=\"http:\/\/www.chuckwardrealestate.com\/wp-content\/uploads\/2025\/08\/1x-1-858x572-1.jpg\"><figcaption>Downtown Macau is seen with Grand Lisboa and Wynn Macau casino resorts. An analyst says Macau casino stocks offer more upside. (Image: <em>Bloomberg<\/em>)<\/figcaption><\/figure>\n<p>In a new report to clients, Jefferies analyst Anne Ling points out that channel checks indicate that for the week ending August 24, GGR in the world\u2019s largest casino hub surged 25% year over year and 9% from the prior week. Other research firms estimate it was the best non-<a href=\"https:\/\/www.casino.org\/news\/melco-stock-could-be-the-way-to-play-macau-rebound\/\">Golden Week<\/a> seven-day span since before the start of the coronavirus pandemic. The Jefferies analyst adds that August GGR growth could come in at \u201ca respectable low- to mid-teens percentage.\u201d<\/p>\n<div class=\"callout\">\n<p>The August strength is impressive because it extends a recent trend of bullishness for Macau concessionaires. July <a href=\"https:\/\/www.casino.org\/news\/macau-casinos-enjoy-best-month-since-covid-19\/\">GGR of $2.74 billion<\/a> represented a 19% year-over-year increase and the special administrative region\u2019s (SAR) best monthly tally since the pandemic, breaking the high watermark set in June.<\/p>\n<\/div>\n<p>Concessionaires are expected to deliver earnings before interest, taxes, depreciation, and amortization (EBITDA) numbers, further supporting the notion that Macau casino stocks are inexpensive relative to EBITDA improvements.<\/p>\n<h2>Sands, Wynn Among Preferred Macau Names<\/h2>\n<p>Ling said the top ideas among the six Macau casino stocks are Galaxy Entertainment, which trades in Hong Kong, Las Vegas Sands (NYSE: LVS), and Wynn Resorts (NASDAQ: WYNN).<\/p>\n<blockquote class=\"main-blockquote\">\n<p>In a strong growth market, we believe Galaxy can capitalize on its scale and ramp in its Cotai assets, while LVS can gain ground given its change in strategy,\u201d observes the analyst. \u201cWYNN is a beneficiary of premium segment strength and execution of its upcoming capital projects. In short, the current market position benefits from capital leverage to the market&#8217;s growth.\u201d<\/p>\n<\/blockquote>\n<p>She adds that there\u2019s been a notable shift in Macau with premium-mass players leading the rebound. That\u2019s beneficial to Galaxy and Wynn. Sands\u2019 <a href=\"https:\/\/www.casino.org\/news\/marriott-sands-china-announce-londoner-macau-accord\/\">Londoner Macau<\/a> casino resort helps that operator tap into that demographic, too. Ling also points out that valuations remain undemanding on Hong Kong-listed Macau casino stocks, which could be a source of allure for investors considering shares of Galaxy and Sands China.<\/p>\n<p>\u201cWith all HK traded names below 10X 2026 EBITDA, we continue to favor Galaxy and SCL\/LVS given the upward bias in estimates,\u201d she wrote.<\/p>\n<h2>Wynn Can Continue Upside Trajectory<\/h2>\n<p>Among the various Macau casino stocks, Wynn may be the one that\u2019s <a href=\"https:\/\/www.casino.org\/news\/wynn-stock-can-2x-over-five-years-could-lure-buyer-says-baron\/\">most priced for perfection<\/a> due to a 36.66% year-to-date gain \u2013 one that may imply little margin for error.<\/p>\n<div class=\"callout\">\n<p>On the other hand, that rally may be the result of market participants renewing interest in Macau gaming equities as well as a gradual pricing in of Wynn\u2019s upcoming opportunity set in the United Arab Emirates (UAE). Ling believes the shares could have more upside ahead.<\/p>\n<\/div>\n<p>\u201cAlthough WYNN appears to be more fully valued from the US side at 11.2X 2026E EBITDA, we believe it can continue to move higher on rising Macau estimates and the forthcoming project in the UAE, which is currently not in Street numbers or valuations directly,\u201d concludes the Jefferies analyst.<\/p>\n<p>The post <a href=\"https:\/\/www.casino.org\/news\/macau-casino-stocks-have-more-upside-potential-says-analyst\/\">Macau Casino Stocks Have More Upside Potential, Says Analyst<\/a> appeared first on <a href=\"https:\/\/www.casino.org\/news\">Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jefferies prefers Sands, Wynn among US-based Macau operators Gross gaming revenue (GGR) data supportive of further upside Last week was a banner period of GGR increases for Macau casinos Against the backdrop of resurgent gross gaming revenue (GGR) data, Macau casino stocks are in rally mode and more upside could be on the way, says at least one analyst. Downtown [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/427"}],"collection":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/comments?post=427"}],"version-history":[{"count":2,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/427\/revisions"}],"predecessor-version":[{"id":430,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/427\/revisions\/430"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/media\/429"}],"wp:attachment":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/media?parent=427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/categories?post=427"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/tags?post=427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}