Citi sees Macau casino licenses staying with incumbents [Seeking Alpha]
WYNN MACAU LTD UNSP/ADR (WYNMY)
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Citi sees Macau casino licenses staying with incumbentsSep. 15, 2022 3:39 PM ETWynn Macau, Limited (WYNMF)MCHVFSCHYYMLCOWYNMYSJMHFGEBHFGIGNFGIGNYGXYEFMCHVYSJMHYGXYYYBy:Kevin P. CurranSA News Editor1 CommentSeanPavonePhotoDespite the efforts of Malaysia-based Genting Group (OTCPK:GEBHFOTCPK:GIGNFOTCPK:GIGNYâ??Macau already has six of the best casino operators in the world, evidenced by their massivecontributions to Macau over the past two decades,â? he advised clients. â??Genting Group has its own strengths, but we donâ??t think it offers any unique attributes that would persuade authorities to make a change.â?Current casino operators in the region are Wynn Macau (OTCPK:WYNMFOTCPK:SCHYYOTCPK:MCHVFOTCPK:SJMHFOTCPK:GXYEFNASDAQ:â??Following the decline of junkets , as well as Covid impacts, we believe the Macau government needs stable and healthy development of the mass-market gaming business more than ever,â? he explained. â??The six incumbents appear best positioned to assist the gov
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