Asian Growth Bottoming = Bullish For Macau Gaming Stocks | $LVS

04/30/19 10:26AM EDT

https://youtu.be/-7MnExVo87Q

If economic data is beginning to bottom in Asia, that could be good news for gaming stocks tied to Macau like Las Vegas Sands (LVS).

With LVS reporting a solid quarter, Hedgeye's veteran Gaming, Lodging & Leisure analyst Todd Jordan says things are looking up for that stock and its business in China.

“LVS had a string of decent quarters, but this is all happening with a really tough China macro backdrop,” Jordan explains in the clip above.

“We were at double-digit comps in a tough macro environment – what happens if the economy picks up? Certainly VIP will do better, but mass [market] could pick up as well. So I’m pretty bullish on Macau and LVS.”

Watch the full clip above for more.

Asian Growth Bottoming = Bullish For Macau Gaming Stocks | $LVS - investing ideas

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