Saturday, May 25, 2024

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Interview with Jennifer Song: Optimism after Chinese New Year [video]

Jennifer Song, equity analyst with Morningstar, speaks with Asia Gaming Brief managing editor Sharon Singleton about visitation to Macau during the recent Chinese New Year period and the outlook for recovery. The longer-than-usual May holiday may be a key catalyst for growth.

Analyst lifts Macau’s 2023 GGR estimate to $22.5 billion, reaching 62 percent of 2019 levels

Analyst has revised gross gaming revenue (GGR) estimates due to the strong performance of six gaming operators in Macau. According to the latest research, Jennifer Song, an analyst from Morningstar, has raised Macau's industry GGR to MOP 181 billion ($22.5 billion) for

Your Daily Asia Gaming eBrief: Non-gaming in Macau starting to bear fruit

The non-gaming push in Macau could be starting to yield some results, as large-scale concerts have driven spend in both gaming and non-gaming - notes Morningstar analyst Jennifer Song.

Non-gaming performance in Macau encouraging, with operators making historically high daily earnings

Macau's gaming operators are having some very positive feedback from the non-gaming push. Morningstar Senior Equity Analyst Jennifer Song told AGB that at least two gaming operators in Macau recorded historical high daily earnings while holding concerts in their properties.

Macau forecasts cut as Covid recovery continues to drag [podcast]

Macau’s operators continue to struggle with vastly reduced revenue and visitation levels as China pushes on with its zero-Covid policy. In today’s podcast, we speak with Morningstar analyst Jennifer Song, who has recently cut her forecasts for Macau this year.
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Macau operators confident of pent-up demand when restrictions lift [video]

Macau's six operators have just finalized another earnings round, with the figures badly affected by Covid travel restrictions in 3Q21. Despite predictions that the quarter would be a washout, Morningstar analyst Jennifer Song tells us they weren't as bad as she had expected.

Morningstar takes the Macau market pulse

Jennifer Song, equity analyst with Morningstar, spoke with Asia Gaming Brief managing editor Sharon Singleton about visitation to Macau during the recent Chinese New Year period and the outlook for recovery. The longer-than-usual May holiday may be a key catalyst for growth.

Citi forecasts Macau to reach 78% of pre-pandemic GGR in April

Macau's anticipated casino gross gaming revenue (GGR) for April is expected to reach MOP18.5 billion ($2.3 billion), averaging around MOP617 million daily, according to a memo from Citigroup released on Monday.

RFID tables benefits could be offset by privacy concerns: gaming expert

After Macau authorities announced their intention for all gaming concessionaires to adopt radio frequency identification (RFID) tables, commonly known as smart gaming tables, a gaming insider believes that the measure will have a "net neutral" impact on Macau’s gaming revenue.

Macau on its way to becoming a “City of Performing Arts”: scholar 

Holding concerts has already become the main driver for tourist volume in Macau among all non-gaming elements, according to a scholar.