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Morgan Stanley lowers Sands China’s 2024 EBITDA estimates due to share loss
Morgan Stanley has revised down Sands China’s 2024 EBITDA forecast to $2.4 billion, an 8 percent decrease, due to lower market share this year.
Macau GGR may reach $2.2 billion in January, says Citigroup
Citigroup anticipates that Macau's gross gaming revenue (GGR) for January 2024 will reach approximately MOP17.5 billion ($2.2 billion), achieving around 70 percent of the level recorded in January 2019, primarily influenced by seasonal factors.
Macau September gaming results likely to fall by 6 percent from the previous month: Morgan Stanley
Macau's total gross gaming revenue in September should be down by 6 percent from the previous month, reaching about MOP16.1 billion ($1.9 billion), analysts from Morgan Stanley predict.
Morgan Stanley identifies investment opportunities in the Philippines gaming industry
In its latest market report, Morgan Stanley (MS) has identified investment opportunities in the Philippines gaming industry. In this comprehensive report, MS states that "the Philippines is among the most overlooked by Emerging Market investors, who have been underweight in the market for the last five years."
Macau gaming operators’ operating expenses should abate further in 2H23 – Brokerage
With the majority of the rooms in the Macau SAR already in operation, incremental growth in operating expenses for gaming operators should be lower in the second half of this year, brokerage Morgan Stanley estimated
Macau 2Q23 mass GGR maybe 90 percent of 2019 levels: Morgan Stanley
Analysts at Morgan Stanley maintain their bullish outlook on 2Q23 mass gaming revenue for Macau’s six gaming concessionaires, noting that gaming performance is set to approach pre-COVID levels in 2Q23, with mass revenue reaching 90 percent of 2019 levels.
Analysts expecting near-term weakness ahead of Golden Week
Macau began "a state of immediate prevention" from midnight on Saturday after the discovery of two new Covid cases, imposing travel restrictions ahead of...
Melco Resorts may up dividends to aid parent company expansion: MS
Melco Resorts & Entertainment may need to raise its dividend payout to help its parent company, Melco International Development, to fund plans for a $616 million theme park in China, Morgan Stanley said.
China adds flights to Macau in latest sign of recovery: MS
Cities in Mainland China are increasing their flight capacity to Macau in another positive sign for the recovery of the city’s gross gambling revenue, according to Morgan Stanley.
Macau’s May GGR expected to hit $2.5B, Labor Day hotel prices 30% below CNY: brokerages
Investment bank Citigroup anticipates that Macau’s gross gaming revenue (GGR) in May could reach MOP20 billion ($2.49 billion), about 77 percent of 2019 levels.
