Tag Archives: Sanford c Bernstein
China – Wynn Macau set to bloom post-COVID
Analyst Sanford C. Bernstein is predicting that Wynn Macau’s mix of VIP and mass gaming, along with its expansion at Wynn Palace in Cotai, should see it explode out of the COVID-19 slowdown. It has highlighted that Wynn Macau’s strength and diversity in operating efficiency should help its rebound. Sanford Bernstein analysts Vitaly Umansky, Tianjiao…
China – Bernstein says Hong Kong protests aren’t a problem for Macau
Brokerage firm Sanford C Bernstein does not believe the protests in Hong Kong are having a negative impact on Macau’s casino revenues, claiming instead ‘the protests in Hong Kong may help tourism to Macau.’ It highlighted that most VIP players fly to Macau direct with players going through Hong Kong usually from the mass gaming…
China – SJM at risk of losing some of its satellite casinos
Brokerage Sanford C Bernstein believes that the Macau government could offer licences currently exploited as satellite casinos with concessionaire operator SJM Holdings to its satellite partners. The analytical group believes that there is ‘little improvement possible’ for SJM, who has lost market share to rival casinos over the last decade. Eight years ago it accounted…
