Saturday, May 18, 2024

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May could be Macau’s strongest month year-to-date: Jefferies 

Jefferies notes that the latest update for Macau gaming industry is ‘positive’ as expectations for May holiday had been low given bad weather, but gross gaming revenue (GGR) indications are ‘strong’ and ‘only slightly below October's Golden Week holiday’.

Galaxy Ent. expected to raise dividend payout ratio: Jefferies

Given Galaxy Entertainment Group's strong financial position, Jefferies expects the operator to increase its dividend payout ratio for the first half of 2024.

Star Entertainment Queen’s Wharf Brisbane debt refinancing challenging: Jefferies

Financial analyst agency Jefferies has cast some doubts on Star Entertainment's capacity to refinance its debt on the back of its lagging Queen's Wharf Brisbane project.

Galaxy earnings set to return to 2019 levels on the back of Phase 3 opening – Jefferies

Earnings reported by Galaxy Entertainment Group could return to to 2019 levels with the help of the now fully opened Phase 3 Galaxy Cotai expansion, brokerage Jefferies indicated

Macau GGR seen at 63 percent of pre-COVID levels in 2023: Jefferies

Gross gaming revenue (GGR) in the world’s largest gaming hub is expected to recover 63 percent of 2019 levels by year-end versus the previous estimate at only 45 percent of the recovery rate, according to Jefferies Equity Research. 

Las Vegas Sands 3Q22 in line, Macau recovery uncertain: Jefferies

Las Vegas Sands 3Q22 EBITDA US$158 mn loss was broadly in line with estimates with Macau reopening still dependent on China's COVID policy, a note from Jefferies read. 

Macau gaming still waiting for the players: Jefferies

Macau gaming sector revenues are much burnt than expected especially when Macau was aiming a recovery path in mid-June 2022, resulting, “Macau gaming is still waiting for the players,” Jefferies notes in its latest coverage report on the sector.

China visitor gain of 10% to boost Macau GGR by 6.9%: Jefferies

Macau is likely to remain the top travel choice for Mainland Chinese in the near term and a 10 percent increase in visitation would boost gross gambling (GGR) revenue by 6.9 percent, Jefferies said in a research note.

Jefferies, BofA bearish on CNY receipts, restrictions

Chinese New Year in Macau is likely to be hampered by COVID restrictions again, Jefferies analysts notes.

MGM Q2 loss forecast narrowed by Jefferies

Analysts at Jefferies Financial Group now expect MGM Resorts to report a Q2 net loss of $0.18, narrowing from its prior estimate for a loss of $0.43.