Analyst: Macau Casinos Possible Chinese Buy Out Targets (GGRAsia)

Vitaly Umansky, who is a senior research analyst, global gaming for Sanford C. Bernstein Hong Kong Ltd and the former CFO for New Cotai Holdings LLC (a one-time investor in the Macao Studio City project), has told GGRAsia at the ongoing Global Gaming Expo (G2E) Asia 2015 conference that several of the current Macau casino operators could become buy outs targets for Chinese investors.

In a panel discussion, Umansky had commented:

“Macau can’t really diversify. It’s only competitive advantage is to be a gaming destination.”

After the panel discussion, he told GGRAsia:

“The only scenario – and this is longer term – is that one or two of these concession holders get bought out by somebody else – primarily a Chinese company… Several operators – from a price perspective, from a value perspective – probably make reasonable targets.”

Umansky didn’t name the possible Macau casino buyout targets and its worth remembering that SJM Holdings Limited (HKG: 0880; OTCMKTS: SJMHY) and Galaxy Entertainment Group Limited (HKG: 0027; OTCMKTS: GXYEY; GXYEF) already have Chinese families in control.

GGRAsia did observe that MGM Resorts International (NYSE: MGM), which controls MGM China Holdings Ltd (HKG: 2282; OTCMKTS: MCHVF; MCHVY), has come under pressure from some activist shareholders to return more value to stock owners and its annual general meeting is scheduled for May 28th.

To read the whole article, Macau ops possible targets for Chinese buy outs: Umansky, go to the website of GGRAsia. In addition, check out our Macau Casino stock list page.

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