Macau has seen improved visitation since the easing of travel restrictions with Mainland China, though progress is slow and a V-shaped recovery is not expected, Bernstein Research said in a note.
Genting Malaysia said its properties will remain closed until May 12 after the government extended the country’s Movement Control Order (MC).
Macau’s gross gambling revenue is likely to fall 37 percent in 2020, before rebounding strongly next year, and Galaxy Entertainment stands out as the “least risky” gaming company, Bernstein Research said in a note.
Macau gross gambling revenue is likely to bounce back with an increase of 55 percent next year and Galaxy Entertainment is one of the best-placed stocks in the longer-term growth story, Bernsten Research wrote in a note.
The IMF has explained why it cut Macau’s economic forecasts for this year, blaming a negative performance in the first half, falling investment and lower gambling revenue.
Macau said it has collected MOP67.2 billion ($8.4 billion) in tax revenue from gaming operators in the seven months through July, more than two thirds of its forecast for the year.
Gross gambling revenue in Macau rose 14 percent in 2018, with December topping consensus forecasts with a gain of 16.6 percent.
Universal Entertainment has released a revised business results forecast for the calendar year 2018 which is sharply lower than what it had projected in May.
A more than $1 billion legal dispute with Walt Disney Co. and Fox Entertainment over a planned theme park is capping off a roller coaster of a year for Genting Malaysia, with analysts slashing their forecasts for the group.
SkyCity Entertainment says its international business is up 36 percent in the year through to November, though domestic revenue is lagging.
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