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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.
Macau’s October GGR to archive a new post-COVID high: JP Morgan
The investment bank JP Morgan expects Macau’s October gross gaming revenue to hit a new post-COVID high, surpassing the post-pandemic record of MOP17.2 billion ($2.1 billion) achieved in August this year.
Macau’s GW mass GGR recovers to 120 percent of 2019 Levels, says JP Morgan
Macau's gross gaming revenue (GGR) reached an estimated MOP$6.65 billion ($826 million) for the 8-day-long National Day Golden Week from September 29th to October 6th, according to JP Morgan.
