CLSA expects Macau casino EBITDA to be up by 10% in Q3
The revised forecast reflects stronger-than-expected casino EBITDA for the July-September period.
Macau.- Investment bank CLSA has upgraded its forecast for Macau’s 2025 casino EBITDA for the Q3 period to US$2.06bn. That would be a rise of 10 per cent year-on-year on a 12.5 per cent increase in GGR.
Analysts Jeffrey Kiang and Leo Pan noted a 15 per cent year-on-year growth in visitations to Macau in July and August and a 2.3 percentage point year-on-year rise in average room occupancy of five-star hotels. Q3 GGR of MOP62.6bn (US$7.81bn) represented an average of MOP680m per day, 1.2 per cent above the MOP672m per day in the second quarter.
CLSA said the luck-adjusted EBITDA margin was likely under pressure because of a 33-hour casino closure and higher payroll costs due to Typhoon Ragasa.
