Maybank IB said valuations remained attractive for gaming stocks.
PETALING JAYA: Domestic gaming stocks, comprising casino operators and number forecast operators (NFOs), should ride through 2025 in an operating environment that is just marginally better, with major catalysts being casino licences in Thailand and the United States.
Maybank Investment Bank Research (Maybank IB), which is positive on the overall sector, said in a report that while valuations remained attractive for gaming stocks, it expects earnings growth for Genting Malaysia Bhd
, the operator of the Resorts World brand of integrated casinos and resorts, to be “pedestrian” as visitor arrivals had already recovered to 95% of pre-Covid-19 levels.
