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The Chinese new year was described as a catalyst in a research note to the firms clients Las Vegas Sands Corp., Wynn Resorts Ltd. and MGM Resorts International.

“Assuming hold is within the normal range, it should translate into record gross gaming revenue,” Govertsen said. “We have walked most of the major casino floors on each of the past several nights, both on the Macau Peninsula and Cotai Strip, and have seen crowds grow significantly through (Tuesday).”

“We expect visitation to continue to grow on a sequential basis through Sunday and expect gaming volumes to similarly grow, ending January on a high note and setting the tone for the first quarter and beyond,” Govertsen said. ]]>