Coronavirus-hit casino stocks on sale

China’s Macau shutdown is a great short term gateway to long term growth

Vikram Barhat 26 February, 2020 | 1:32AM

Casino table

One of the hardest hit by the coronavirus jitters is the lucrative casino and gaming industry of Macau, the only region in China with legalized gambling. 

The epidemic forced the local government to suspend all gaming operations for over two weeks. The fear of a sharp drop in Macau gaming revenue, as a result, triggered a sell-off in China-sensitive casino and gaming stocks, wiping out any gains they had made this year. Leading operators with significant revenue exposure to Macau have fallen between 3% and 14% for the year to date, as of Feb 20. For the same period, the MVIS Global Gaming Index has shed nearly 2% compared to 24% gains for the S&P 500.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Las Vegas Sands Corp45.72 USD2.33
Melco Resorts and Entertainment Ltd ADR15.61 USD2.56
MGM Resorts International16.20 USD1.25
Wynn Resorts Ltd74.13 USD4.22

About Author

Vikram Barhat

Vikram Barhat  Vikram Barhat is a Toronto-based financial writer specializing in investing, stock markets, personal finance and other areas of the financial services industry. He also writes for CNBC, BBC, The Globe and Mail, and Toronto Star.

© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies