{"id":16004,"date":"2021-03-18T16:30:04","date_gmt":"2021-03-18T16:30:04","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=16004"},"modified":"2026-04-23T21:00:54","modified_gmt":"2026-04-24T00:00:54","slug":"macau-gaming-operators-ebitda-to-increase-15-in-2022-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-gaming-operators-ebitda-to-increase-15-in-2022-analysts-say","title":{"rendered":"Macau gaming operators’ EBITDA to increase 15% in 2022, analysts say"},"content":{"rendered":"\n

A reduction in operating costs market-wide and rising hotel room capacity will see Macau gaming operators’ property EBITDA increase to over 2019 levels in 2022.<\/p>\n\n\n\n\n\n\n\n

Macau.- Morgan Stanley estimates Macau’s gaming operators could see property EBITDA <\/strong> increase 15 per cent in 2022<\/strong>, when compared to 2019 levels.<\/strong><\/p>\n\n\n\n

Rising hotel room capacity, growing demand and reduced costs<\/strong> are expected to benefit casino operators, leading to EBITDA of US$11bn in 2022<\/strong>.<\/p>\n\n\n\n

Analysts noted that the openings of SJM\u2019s Grand Lisboa Palace <\/strong>and Galaxy Entertainment Group\u2019s Galaxy Macau Phase 3<\/a><\/em> will increase the number of hotel rooms<\/strong> in Cotai by 13 per cent<\/strong>.<\/p>\n\n\n\n

With The Londoner Macao<\/a><\/em>, focusing on quality over quantity, ultra-high-end hotel rooms will be up 59 per cent<\/strong>.<\/p>\n\n\n\n

A circa 4 per cent reduction in operating costs market-wide<\/strong> among the six Macau licensees will also help increase EBITDA.<\/p>\n\n\n\n

Morgan Stanley stated: “Macau will look and feel different in 2022<\/strong> when compared to the pre-Covid world.”<\/p>\n\n\n\n

Macau\u2019s gaming operators could benefit from \u201conshoring\u201d<\/h2>\n\n\n\n

According to Morgan Stanley “20 per cent of all Asia (ex-Macau) mass revenue could come back to Macau by 2022” thanks to \u201conshoring\u201d of Chinese consumer play <\/strong>that might previously have gone to neighbouring Asia Pacific destinations.<\/p>\n\n\n\n

Asia-Pacific casino gross gaming revenue (GGR) for mass-market table games and slots outside Macau was about US$10.3bn in 2019<\/strong>. With travel restrictions due to the Covid-19 pandemic, analysts expect part of this business to come to Macau<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

A reduction in operating costs market-wide and rising hotel room capacity will see Macau gaming operators’ property EBITDA increase to over 2019 levels in 2022.<\/p>\n","protected":false},"author":176,"featured_media":16005,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Morgan Stanley projects Macau gaming operators' property EBITDA to exceed 2019 levels by 15% in 2022, reaching US$11bn. This growth is attributed to market-wide operating cost reductions, significant increases in hotel room capacity from new developments, and the 'onshoring' of Chinese mass-market gaming revenue previously directed to other Asia-Pacific destinations.","focusai_entities":"Morgan Stanley, SJM, Galaxy Entertainment Group","focusai_location":"Macau, Cotai, Asia, Asia-Pacific","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"EBITDA Growth Drivers","query":"What specific operational efficiencies and demand-side factors are projected to drive Macau gaming operators' property EBITDA beyond 2019 levels in 2022, and how sustainable are these trends?"},{"label":"Impact of Onshoring","query":"How significant is the 'onshoring' of Chinese mass-market gaming revenue from other Asia-Pacific destinations to Macau's overall GGR, and what are the long-term implications for regional gaming markets?"}],"footnotes":""},"categories":[28,16338,158],"tags":[23906],"class_list":["post-16004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16004","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=16004"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16004\/revisions"}],"predecessor-version":[{"id":16036,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16004\/revisions\/16036"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16005"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=16004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=16004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=16004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}