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Final Draft Of Macau Gaming Law: What Investors Need To Know
Friday, June 17, 2022 - 10:32am | 470Read More...The Macau Legislative Assembly signed the final draft of the new Macau gaming law this week. Bank of America analyst Billy Ng says there's nothing in the legislation that dampens his long-term bullish thesis on the Macau gaming market. Draft Updates: The final draft of the law includes...
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Experts Discuss Macau Regulatory Uncertainty: Should Investors Buy The Dip In Casino Stocks?
Friday, September 24, 2021 - 5:19pm | 648Read More...Casino stocks Las Vegas Sands Corp. (NYSE: LVS) and Wynn Resorts, Limited (NASDAQ: WYNN) have taken huge hits in the past month, and much of the sell-off has to do with uncertainty surrounding the renewal of their Macau casino licenses and an ongoing gaming law review that could increase regulatory...
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Macau Lifts Coronavirus Travel Restrictions From Mainland China, Boosting Casino Stocks
Wednesday, February 24, 2021 - 4:09pm | 418Read More...Shares of casino stocks rallied Tuesday after it was announced that visitors from mainland China would no longer be required to quarantine upon entering the popular tourist island of Macau. What Happened: Tourists are now able to enter Macau from the mainland to visit its many gaming casinos and...
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Macau Gaming Revenue Down 94.5% In August, Analyst Sees Rebound In September
Tuesday, September 1, 2020 - 1:20pm | 514Read More...Macau, the world’s largest casino gambling hub, reported another abysmal month of numbers on Tuesday. Gross gaming revenue for the month of August was down 94.5%, slightly worse than consensus analyst estimates of a 93% decline. However, Bank of America analyst Billy Ng believes Macau...
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BofA Cuts Macau Estimates After 97% Year-Over-Year Drop In Gross Gaming Revenue
Wednesday, July 1, 2020 - 4:47pm | 299Read More...Macau reopened casinos to guests, but gross gaming revenue was still down 97% year-over-year in June — and down 59.4% month-over-month — to MOP716 million ($89.67 million), according to BofA Securities. The Macau Thesis: Macau's June GGR was lower than expected, as BofA...
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Analyst: Xi's Macau Visit Bullish For Casino Stocks
Tuesday, December 24, 2019 - 10:40am | 582Read More...Casino stocks are finishing the year strong after investors have received good news out of Macau, China. In addition to positive progress on the trade war front, a Macau visit by China’s President Xi Jinping reportedly went very well. Economic Diversification Xi recently visited Macau to...
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Bank Of America Upgrades China Lodging Group, Cites Medium And Long-Term Growth Potential
Friday, May 15, 2015 - 2:57pm | 286Read More...In a report published Friday, Bank of America analyst Billy Ng upgraded shares of China Lodging Group, Ltd (NASDAQ: HTHT) to Buy from Neutral with a price target raised to $31.50 from a previous $27.80 after the company's first quarter print confirms a "solid" medium and long-term growth potential...
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Macau Gaming Revenue Falls, Stocks Mixed
Friday, January 2, 2015 - 11:21am | 213Read More...Traders may want to watch casino names following the decline in Macau’s gross gaming revenue. GGR was down 30.4 percent year-over-year and was the lowest since November 2011 at MOP 23.3 billion, according to a note from Bank of America analyst Billy Ng. Ng noted that for 2014, "...
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Bank Of America Highlights Macau's Large YOY Gross Gaming Revenue Decline
Friday, January 2, 2015 - 10:22am | 171Read More...Billy Ng of Bank of America highlighted in a note on Friday that Macau's December's Gross Gaming Revenue (GGR) 30 percent year-over-year decline was weaker than expected. According to Ng, December's GGR was the lowest since November 2011 and was weaker than the 22 percent year-over-year decline...
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Bank Of America: Macau's Gross Gaming Revenue Improved, Highlights Other News Developments
Tuesday, December 30, 2014 - 10:10am | 315Read More...Billy Ng of Bank of America commented in a note on Tuesday that Macau's daily Gross Gaming Revenue (GGR) run-rate for the past two weeks improved to MOP752 million (~$94.12 million) from MOP698 million in the week before, implying a 7 percent increase. Ng notes that the uptick followed...
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Bank Of America: Macau's Sentiment To Remain Weak Following Chinese Presidential Visit
Monday, December 22, 2014 - 9:35am | 288Read More...China's President Xi Jinping recently visited Macau for the first time as an official to celebrate the 15-year anniversary of the Macau Special Administrative Region. Jinping highlighted four points to steer Macau towards the future. These include: Enhancing rule of law to promote...
