On Monday, China officially lifted all restrictions and limitations on Macau and removed COVID-19 SMS requirements.
Macau casino operators now hope that the end of pandemic restrictions will lead to a long era of suppressed calls among players.
The numbers: On Monday, Bank of America analyst Ronald Leung said online searches for Macau and Hong Kong on sites such as Trip. com Group Ltd (NASDAQ: TCOM) rose more than 300% year-on-year after China’s Feb. 2 announcement. The 11. 3 restrictions would be lifted from February 6. Unfortunately, it may still be some time before Macau fully resumes its pre-pandemic activities.
Related link: Macau casino stock rally after license renewal is expected to begin on January 1, 2023
How to Play: The 4 U. S. -listed casino stocksU. S. citizens with exposure to Macau have made a good start to 2023. Although restrictions have been lifted, Bank of America said investors deserve to remain selective when betting on Macau.
Here is a rundown of the company’s existing Macau gaming companies:
Leung said the most sensible choice, Melco, has several bullish catalysts on the horizon.
“We expect the launch of Studio City Phase 2 and CODM in 2Q23 to be the primary drivers of earnings expansion for MLCO in 2023 and 2024,” he said.
After visiting Macau recently, Leung said the shortage of hard work would likely continue to be a challenge in the short term, but that higher hotel room capacity would present itself from the current quarter.
Benzinga’s view: Macau remains a high-risk speculative investment at this point, given the regulatory crackdown on U. S. -listed Chinese stocks. U. S. lawmakers through U. S. lawmakersand China.
Macau has huge potential for long-term expansion, but if businesses are allowed to open up fully and operate at full capacity.
Photo: Macau Shutterstock