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Betting on Macau: 3 Gaming Stocks to Buy

Gaming companies with casinos in Macau are red-hot

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Las Vegas Sands (LVS)

lasvegassands185 Betting on Macau: 3 Gaming Stocks to BuyI named Las Vegas Sands (LVS) as a casino stock to buy back in early September and, since then, the news has only gotten better.

To start, Sands China (SCHYY), the company’s 70%-owned Macau subsidiary, reported third-quarter earnings that were out of this world. Revenue improved 43% to $2.3 billion and EBITDA rose 62% to $785.3 million, well ahead of analyst estimates.

And with 9,200 rooms available in Macau, the company holds a huge advantage in this hotly contested gaming market. It controls 40% of the four- and five-star hotels in the region. No wonder Union Gaming Group analyst Grant Govertsen told Bloomberg:

“Sands has been very strong, especially on the mass-market segment … The company has the biggest footprint in non-gaming entertainment which helps to draw a lot of family holiday-makers.”

Quite simply, it’s in the right place at the right time. If you’re betting on casino stocks, LVS has to be on your short list.


Article printed from InvestorPlace Media, http://investorplace.com/2013/10/macau-stocks-to-buy-now/.

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