Only twice \u2013 2013 and 2014 \u2013 has the industry eclipsed the $40 billion threshold.<\/p>\n
Sands, Wynn, and MGM, the three US-based casino operators licensed in Macau, now control 60 percent of the Chinese gaming industry. All three stocks have lost value since this time a year ago. Sands is down 23 percent, MGM 24 percent, and Wynn the biggest loser at 36 percent.<\/p>\n
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The JPMorgan analysts believe Wynn is best suited for a rebound: “Even the skeptics would agree that the quality of Wynn’s assets is among the best in the global gaming industry, which is supported by the best-in-class management team.”<\/p>\n<\/div>\n
“Its historical earnings before interest, tax, depreciation, and amortization multiple of 10 times is too attractive to ignore,” Kim and Zhuang concluded. “We see an opportunity to purchase the best quality asset at a great bargain.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Casino stocks have suffered losses much greater than that of many Wall Street general indexes over the past 12 months, but financial analysts remain bullish on numerous gaming companies. The Vaneck Vectors Gaming ETF (exchange-traded fund) is down 26 percent since this time last year. The Dow Jones Industrial Average is down just seven percent […]<\/p>\n","protected":false},"author":25,"featured_media":96107,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18,18943],"tags":[],"acf":[],"yoast_head":"\n
Casino Stocks Performing Far Worse Than Key Indexes<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n