Business

Macau bets are still hot

Shares in Steve Wynn’s casino in Macau and its rival, the Sands China, were raised to buy from hold by Deutsche Bank.

In a note to clients, analyst Karen Tang said profits of casinos in Macau could rise 26 percent to 30 percent because of the Dec. 31 opening of a nearby high-speed rail station.

Gross gambling revenue in the region could rise 11 percent in 2013, up from a previous forecast of an 8 percent rise.