BofA Global Research raises PT on casino operators amid Macau strength

ReutersJul 15, 2025 3:48 PM

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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

Company	New PT	Old PT
Las Vegas Sands	$52.5	$45
MGM Resorts International	$40	$35
Wynn Resorts	$125	$100

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