Casino ETF Gets a G20 Lift

Analysts are leaning bullish on the outlook for Macau gaming operators following the trade thaw between Presidents Trump and Xi.

“The temporary truce between Presidents Trump and Xi also provides a near-term catalyst, while ‘the slope of economic deceleration in both China and the U.S. is likely to determine the intermediate-term trend in these stocks,’” Bloomberg reports, citing Nomura Instinet analyst Harry Curtis.

Analysts expect Macau’s fourth-quarter revenue to rise 5% to 7%.

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