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Hato impact on Macau operators minimal

Typhoon Hato had only marginal impact on Macau’s six casino operators, with VIP business showing strength in September, said Morgan Stanley in a note on Monday.

“The impact of Typhoon Hato was marginal on six casino operators, and traffic and revenue were back in a couple of days, especially in Cotai,” noted analysts Praveen Choudhary and Alex Poon.

Golden Week holiday bookings have also appeared strong so far.

“The current quarter is tracking at +6 percent GGR growth quarter-on-quarter, as September has been strong and forward looking for longer than the usual Golden Week in October is strong as well.”

Looking further ahead, Morgan Stanley says that it expects mass revenue growth to remain above 10 percent for the rest of the year, while VIP growth is expected to stay above 20 percent year-on-year for the next few months of the year.

“We see 17Q4 GGR slowing to 16 percent year-on-year from 17Q3's 21 percent year-on-year mainly due to a base effect.”

Morgan Stanley says it believes Wynn Macau to outperform MGM China and Galaxy, based on 17Q3 EBITDA quarter-on-quarter performance.

More news from this jurisdiction

MacauMonday, Jan 15, 2018

The second week of January saw stronger GGR numbers, says brokerage firm Bernstein, which has revised up its GGR estimate for the month.

MacauMonday, Jan 15, 2018

Melco Resorts & Entertainment Ltd is proud to announce the winning of three Hotelier of the Year for 2017 awards at the prestigious BMW Hotelier Awards, an annual award presentation for the hospitality sector.

MacauFriday, Jan 12, 2018

A group of gaming workers from Wynn Macau have submitted a petition to the MSAR government complaining of Wynn’s alleged tolerance of clients’ illegal smoking.

MacauTuesday, Jan 09, 2018

The Hong Kong-Zhuhai-Macau Bridge is set to open in the second quarter of 2018, according to people familiar with the matter.

MacauTuesday, Jan 09, 2018

The Adelson Family Foundation on Tuesday presented a cheque for more than $1.9 million to the University of Saint Joseph.

Elsewhere, MacauTuesday, Jan 09, 2018

Casino operator MGM recently supported a University of Macau (UM) study tour to Las Vegas.

MacauMonday, Jan 08, 2018

The first week of January saw month-to-date GGR performing slightly lower than its 2017 counterpart, according to channel checks from Bernstein.