Wednesday, July 24, 2024

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‘Limited’ impact from China’s crackdown on illegal money exchange biz in Macau: JP Morgan

According to a report by Xinhua News Agency, China's Ministry of Public Security has urged security forces in Macau and the mainland to strengthen their cooperation in cracking down on illegal money exchange businesses operating in Macau.

Macau mass GGR to reach all time high at 115% of pre-COVID levels: JP Morgan 

Macau's mass gross gaming revenue (GGR) hit all-time highs in May, reaching 115 percent of pre-COVID levels, says JP Morgan.

Operators resuming dividends bodes well for sustainable cash returns: JP Morgan

JP Morgan says that the surprising resumption of dividends by Macau gaming operators MGM and Wynn, the first since COVID-19, signals meaningful and sustainable cash returns ahead, with accelerating profit flow-through from ongoing demand recovery.

Macau February GGR to grow 80% y-o-y to $2.36 billion: JP Morgan

After observing robust Chinese New Year (CNY) casino revenue, analysts from JP Morgan expect Macau's February gross gaming revenue to increase by 80 percent from the previous year to MOP19 billion ($2.36 billion).

Wynn Macau 4Q23 EBITDA margin near 10-year high: JP Morgan 

Analysts from JP Morgan indicate that Wynn Macau’s 4Q23 EBITDA margin was near its 10-year highs thanks to 'strong cost control and growth in mass.’

Macau mass market surpassing pre-covid levels in January – JP Morgan

Mass market gross gaming revenue generated in Macau gaming in January is reporting volumes 105-110 percent higher than pre-COVID levels, brokerage JP Morgan indicated.

Macau’s January GGR “solid” against seasonality: JP Morgan

According to a mid-month update, the investment bank JP Morgan confirms that Macau’s gross gaming revenue (GGR) had a solid performance, beating seasonality.

JP Morgan foresees Macau’s GGR to reach $21.1 billion in December

JP Morgan has presented a positive outlook for Macau’s gaming revenue by the end of the year, estimating that the gross gaming revenue (GGR) in December will reach MOP 17 billion ($2.1 billion).

JP Morgan foresees a 10 percent increase in Macau’s mass GGR for 4Q23

JP Morgan has presented a positive outlook for Macau's gaming revenue by the end of the year, estimating that the gross gaming revenue (GGR) in December will range from MOP17.5 billion ($2.1 billion) to MOP18 billion ($2.2 billion). This projection indicates a return to 80 percent of the pre-pandemic level.

Macau mass GGR recovered beyond pre-COVID levels for the first time: JP Morgan 

The latest investment memo from JP Morgan reveals that Macau's gross gaming revenue (GGR) from the mass segment has surpassed pre-COVID benchmarks for the first time, reaching 105 percent of the October 2019 levels.