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Asia Casino News │ ACN东方博彩新闻

Asia Casino News outlet for Online Gaming and Gambling Industry in Asia.

Caesars, Wynn Among Stifel Top 2022 Gaming Equity Ideas

January 10, 2022 Emerging Markets

Amid the spread of the omicron variant of the coronavirus and a disappointing December jobs report, travel and leisure stocks slumped last week. That underscored the point that investors must be selective in the space this year.

Along those lines, Stifel analyst Steven Wieczynski and team are bullish on some travel and leisure stocks for 2022. While the analysts highlight a preference for some cruise companies amusement park operators, Caesars Entertainment (NASDAQ:CZR) and Wynn Resorts (NASDAQ:WYNN) are among the research firm’s top gaming ideas for this year.

If you want speculation, Macau names have to be at the top of your list. We actually believe the Macau-centric names could represent some of the most compelling ideas given the massive underperformance in 2021 coupled with benign investor expectations,” said Wieczynski and his team of Wynn. “We like the risk/reward current setup in the name at this point.”

Stifel maintains “buy” ratings on both Wynn and Caesars, with price targets of $124 and $138, respectively, on the casino stocks. The research firm calls Wynn it’s top large-cap gaming pick for 2022, while Caesars is its preferred regional gaming idea.

Macau Heads Could Finally Ease
Because of China’s zero-tolerance policy on COVID-19 and previous speculation about a tighter regulatory environment in Macau, concessionaires there, including Wynn, don’t lack for critics.

However, there are some green shoots emerging. The special administrative region’s (SAR) regulatory proposals, while stiffer than before, are being viewed as not too burdensome for operators, and consensus is building officials will attack the issue of license renewal prior to the June deadline. That could remove an overhang on Wynn shares.

https://www.casino.org/news/caesars-wynn-resorts-among-stifels-top-gaming-stock-ideas/

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