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    BofA Global Research raises PT on casino operators amid Macau strength

    Picture of Las Vegas Sands logoLas Vegas Sands
    15/07/2025 16:48
    ** BofA Global Research raises PT on some U.S. casino operators, including Las Vegas Sands LVS.N, Wynn Resorts WYNN.O and MGM Resorts International MGM.N

** Brokerage says investors are getting much more constructive on potential 2H growth, given a recent revenue acceleration​ in May and June

** "Recent (Macau) GGR data has been strong, but we think promo could tick up as some of the recent strength has been VIP driven" - brokerage

** Including session moves, S&P 500 Casinos & Gaming (sub index) .SPLRCCCGL up 5.25% YTD


    CompanyNew PTOld PT
    Las Vegas Sands$52.5$45
    MGM Resorts International$40$35
    Wynn Resorts$125$100
    

 (Reporting by Anshuman Tripathy)

 ((Anshuman.Tripathy@thomsonreuters.com))

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