Macau Casino Revenue Data for May 2016 Misses Consensus (LVS) (MGM) (WYNN) (MPEL)

Macau casino revenue declined 9.6% year-over-year in May to 18.4 billion patacas, according to the Gaming Inspection and Coordination Bureau. The median estimate called for an 8% decline, according to Bloomberg.

U.S. listed stocks potentially impacted by the data include Las Vegas Sands (NYSE: LVS), Wynn Resorts Ltd (Nasdaq: WYNN), MGM Resorts (NYSE: MGM) and Melco Crown Entertainment (Nasdaq: MPEL).

"By segment, we estimate that VIP GGR was still in decline (around -18% yoy), reflecting the govt's new ban on phone-betting in VIP rooms in early May. But mass GGR seemed to be stabilizing (around -1% yoy on our est)," said Karen Tang, an analyst at Deutsche Bank.

Tang noted GGR historically improves from July to Aug during the summer holidays.

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