Vitaly Umansky

Seaport Research Partners’ Vitaly Umansky downgraded MGM Resorts (NYSE:MGM) from Buy to Neutral, citing expected headwinds for gaming in both Las Vegas and U.S. regional markets this year. The MGM Resorts International Thesis: The company has high exposure to the U.S., with over 85% of its...

One of the benefits for U.S. gaming investors who own shares of Macau casino operators is that the government has limited the competition. Through 2020, only six operators are licensed to run casinos in Macau. Of the six license holders, only four are listed on major U.S. exchanges: Melco Resorts...

Long-time Macau gaming investors know that government policy risk is simply part of the equation. Macau casino stocks, including Melco Resorts & Entertainment Ltd(ADR) (NASDAQ: MLCO), Wynn Resorts, Limited (NASDAQ: WYNN), Las Vegas Sands Corp. (NYSE: LVS) and MGM Resorts International (NYSE:...

The year-end gaming revenue numbers from the Macau, China, and Las Vegas markets indicate that the gaming industry finished the year strong in the two largest and most critical markets in the world for investors. However, now that 2017 is officially here, gaming investors are wondering whether that...

Las Vegas Sands Corp. (NYSE: LVS) management discussed both Macau and Singapore during Bernstein's 3rd Annual Consumer Summit. Analyst Vitaly Umansky mentioned five takeaways from the discussions. Top Takeaways Recovery in Mass in Macau: This has been driven by higher visitation,...

Casino investors are taking profits on Thursday following positive monthly gaming revenue numbers from both Las Vegas and Macau. The numbers out of both gaming hubs confirm that strong underlying revenue growth is behind gambling stocks’ recent outperformance. Las Vegas Strip revenue climbed...

Strong Golden Week revenue numbers in Macau were followed by the weakest weekly numbers since 2010. With Studio City opening up this month, table allocation could soon be a concern for operators opening new resorts. Bernstein believes that stock selection remains critical when it comes to Macau...

After a strong start to the Golden Week holidays, Macau visitation numbers were hit hard by the arrival of Typhoon Mujigae. Prior to the typhoon’s landfall, Macau visitation numbers for October were 7.1 percent higher than last October’s numbers. Monthly gross gaming revenue in Macau...