Company: Deutsche Bank
Karen Tang is the Head of Asian Gaming & Hotels Research at Deutsche Bank.She also covers the Hong Kong conglomerate stocks. For the past three years, she has been voted the No.1 Gaming & Lodging Analyst in the Institutional Investor survey. In 2011, she was also named Best Analyst in the Travel & Leisure sector by the Wall Street Journal for her stock-picking skills.Karen joined Deutsche Bank in 2003 and has more than 10 years of experience as a research analyst, previously covering the Hong Kong property sector. She graduated from the University of Cambridge, UK, with a Master’s degree in economics.
Deutsche Bank‘s Karen Tang says Macau is on the cusp of a mass market recovery. The analyst, who conducted extensive interviews with “a dozen of casino service staff & premium mass hosts” says gaming spend per visitor has started to rise, and VIPs are returning as premium mass players, adding that Macau appears to be […]
When the mainland Chinese government's anti-graft campaign began to bite into Macau's gaming revenue last year, many analysts suggested the big players had fled to safer ground in the then-booming Chinese stock market.But that bubble has now burst, with the Shanghai Composite Index seeing its worst daily fall in eight years in August, sending shockwaves through global bourses. If that boom is now well and truly over, is there any argument for a corresponding turnaround in Macau?
Will the new supply coming to the Cotai resort district set Macau back on the road to growth and if it does will operators be allocated enough tables to make the new multi-billion dollar resorts profitable? They are billion-dollar questions with no ready answer as operators and investors adjust to an adverse political climate in China and the chilly “new normal” this has imposed on the world’s largest casino market.