Good Morning. Analysts remain bullish on Asia’s leading gaming market, expecting Macau gaming revenue in the third quarter to increase sevenfold, topping out at $5.78 billion. Despite the rise, FY23 is still not on track to beat, or even match 2019 figures. And in Singapore, Maybank analysts have lowered their expectations for Genting, despite operations “improving steadily”.

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What you need to know

  • Macau’s GGR during the third quarter should record a sevenfold increase, to $5.78 billion, say analysts.
  • Genting Singapore operations “improving steadily”, but Maybank analysts lower expectations.

On the radar


AGB Intelligence

MACAU

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Analysts: 3Q23 GGR to see sevenfold increase

Analysts at Deutsche Bank are bullish on Macau’s recovery, estimating that the SAR can rake in some $5.78 billion during the quarter, a sevenfold increase. Despite the rise, analysts are reserved on the possibility that FY23 GGR could recover to 2019 levels, even by next year.


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