The six largest casino companies in Macau are expected to report a combined EBITDA loss of more than US$800m.<\/p>\n\n\n\n\n\n\n\n
Macau.- The six largest casino operators in the city are likely to report a combined loss of more than US$800m (MOP6.3bn) in EBITDA for the third quarter, according to a Bloomberg survey of analysts.<\/p>\n\n\n\n
Bloomberg’s research forecasts that all concessionaires will likely report negative results for the third quarter. Its survey of seven brokerages included property EBITDA by Sands China, Wynn Macau, Melco Resorts and MGM China and company EBITDA data from Galaxy Entertainment Group (GEG) and SJM Holdings.<\/p>\n\n\n\n
Gross gaming revenues in Macau dropped by 82.5 per cent year-on-year to some MOP38.6 billion (US$4.8 billion) between January and September.<\/p>\n\n\n\n
Meanwhile, despite the resumption individual visas for tourists from mainland China, the tally of visitors remains down. Visitor numbers were down by 87 per cent to 3.2 million between January and August, with numbers seeing only a very limited recovery since the loosening of border measures in August and September.<\/p>\n","protected":false},"excerpt":{"rendered":"
The six largest casino companies in Macau are expected to report a combined EBITDA loss of more than US$800m.<\/p>\n","protected":false},"author":2,"featured_media":11085,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's six largest casino operators are projected to report a combined EBITDA loss exceeding US$800 million for Q3, according to a Bloomberg survey. This significant downturn is attributed to an 82.5% year-on-year decline in GGR and an 87% drop in visitor numbers through August, despite the partial resumption of individual visas from mainland China.","focusai_entities":"Sands China, Wynn Macau, Melco Resorts, MGM China, Galaxy Entertainment Group, SJM Holdings, Bloomberg","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Recovery Outlook","query":"What specific policy interventions or market catalysts are anticipated to reverse the negative EBITDA trend and stimulate GGR recovery in Macau beyond current visitation levels?"},{"label":"Operator Capital Structure","query":"How are the concessionaires' current capital structures and liquidity positions positioned to absorb sustained EBITDA losses, and what are the implications for potential debt restructuring or equity raises?"}],"footnotes":""},"categories":[160,16338,163],"tags":[257],"class_list":["post-11082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=11082"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11082\/revisions"}],"predecessor-version":[{"id":11096,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11082\/revisions\/11096"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11085"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=11082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=11082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=11082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}