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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.

Macau CNY visitation stronger than 2019, surpassing 1M in six days 

Macau has surpassed expectations with its Chinese New Year (CNY) tourist arrivals, reaching over 1 million visitors in just six days.

Grand Lisboa Palace expected to turn EBITDA positive in 3Q23

SJM Holdings’ flagship integrated resort, Grand Lisboa Palace (GLP), is expected to record a positive EBITDA in 3Q23, according to the investment memo from Morgan Stanley.

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...