Industry News

Macau Casino Firms Get Ratings Upgrade

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Sands China

Brokerage company Sanford C. Bernstein upgraded its ratings of two Macau casino firms. Analysts from Bernstein re-evaluated Sands China and Galaxy Entertainment Group. Also, they considered the capacity expansion for both casinos in 2020. Bernstein analysts expected Macau’s gross gambling revenue to drop from 14 percent in 2018 to 3 percent in 2019. However, they […]