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Macau EBITDA growth to slow in 17H2

Macau industry EBITDA growth is expected to slow in the third and fourth quarter of 2017, with concerns of slowing mass growth, risks of premium mass and a macro slowdown in China, according to Morgan Stanley analysts.

“We expect YoY growth in Macau industry EBITDA to slow down from 28 percent in 17Q2 to 16 percent in 17Q3… Without any new casino opening in 17Q4, the growth rate could slow further,” said the brokerage.

The analysts says they see Wynn Macau as likely to post the highest EBITDA growth, driven by performance at Wynn Palace, while Sands China and Galaxy will see growth similar to that of the market.

MGM is expected to see a loss of mass market share, especially in the premium segment, it added.

More news from this jurisdiction

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.

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.

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.

Elsewhere, MacauTuesday, Jan 09, 2018

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

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.

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.

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.