Macau casino stocks have taken a beating so far in 2022, but the selling pressure has intensified in recent days. On Tuesday, Bank of America analyst Shaun Kelley highlighted at least four reasons investors are dumping Macau stocks.
Reasons For The Sell-Off: For the past year, Kelley has repeatedly discussed the "three C's" weighing on Macau stocks: concession renewals, crackdowns by regulators and COVID-19. In the month of March, Kelley said there are four primary concerns for Macau investors:
