While the revenue decline is smaller than expected, Macau's gaming sector appears set to be under pressure following lackluster takings during the Lunar New Year holiday, says Leon Liao, research analyst at Jefferies.» Read More
Jackson Wong, Vice President of Tanrich Securities, attributes its hold rating on the stock to the recent land deal probe and the bearish outlook of Macau's gaming sector.
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Gambling revenue in Macau fell 3.7 percent, the first drop in over four years, with analysts saying the World Cup had diverted gamblers away.
Christopher Jones, MD & Senior Gaming & Lodging Analyst, Telsey Advisory Group, says Macau's gaming sector will face downside pressure in the near term but the "noise" will start to clear by 2015.
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Grant Govertsen, Principal Analyst, Union Gaming Group, says politics in China paint a "flat or negative" long-term outlook for Macau's market.
The economy in Sin City continues to move away from gaming since the worst days of the Great Recession.