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Macau industry-wide 3Q23 GGR is still 31 percent below pre-pandemic levels: Deutsche Bank
Macau industry-wide 3Q23 gross gaming revenue (GGR) in Macau is still 31 percent below the 3Q19 levels, according to the calculation of Deutsche Bank following all six gaming operators' reported financial results.
2023 Macau GGR to persist at 38 percent below pre-pandemic levels: Deutsche Bank
Deutsche Bank estimates that Macau's casino gross gaming revenue (GGR) for 2023 may reach $22.81 billion, marking a 332 percent year-on-year increase. However, even if this estimate is realized, the GGR for this year will still be 38 percent lower than the pre-pandemic levels in 2019.
Slower recovery pace prompts Deutsche Bank to lower MGM China 2024 forecast
The expected slower recovery pace in the market has prompted Deutsche Bank to revise its 2024 MGM China property EBITDAR forecast, reflecting a 4 percent decrease from their previous estimate.
Sands China faces challenges regarding market share and hotel room inventory: Deutsche Bank
In the latest investment memo published by Deutsche Bank, analyst Carlo Santarelli notes that Macau gaming operator Sands China, which has been the market share leader, is facing new challenges regarding rivalry in both gaming market share and hotel room inventory.
Lower-spend gaming customers in Macau still well off 2019 levels, says Deutsche Bank
Macau's mass market had outperformed in the first eight months of the year, with Deutsche Bank observing healthy market trends. However, analysts point out that lower-spend gaming customers continue to keep a low ratio compared to 2019 levels.
Deutsche Bank sees Macau growth in Q3 and Q4
Deutsche Bank’s latest forecasts for Macau have taken a bullish turn, as the Bank believes Macau offers a 'most compelling upside,' given that gaming is still somewhat undervalued historically and there are favorable conditions ahead.
Macau GGR to record sevenfold increase in 3Q23: Deutsche Bank
Deutsche Bank estimates that Macau’s gross gaming revenue (GGR) may rise 732 percent yearly in 3Q23, reaching $5.78 billion. The estimated GGR for 3Q23 is still 35 percent lower than the same period in 2019.
Mass visitor spending up 35-40% in Macau: Deutsche Bank
Deutsche Bank has reaffirmed its bullish view for Macau gaming, indicating that mass trends in the city are “encouraging”, as spending per mass visitor is up 35-40 percent relative to the same period in 2019.
Macau GGR to record fourfold increase in 2Q23 with signs of deceleration: Deutsche Bank
Deutsche Bank estimates that gross gaming revenue (GGR) in Macau may rise 423 percent in 2Q23, reaching $5.56 billion. The estimated GGR for 2Q23 is still 39 percent lower than the same period in 2019.
Macau GGR to record threefold increase in 2023: Deutsche Bank
Deutsche Bank estimates that casino gross gaming revenue (GGR) in Macau may record a 316 percent increase this year, reaching $21.95 billion.
