According to Morgan Stanley, Macau casinos will report an EBITDA of US$181m, down 23 per cent from the previous quarter despite an increase in gross gaming revenue.<\/p>\n\n\n\n\n\n\n\n
Macau.- Morgan Stanley predicts that\u00a0Macau’s casinos’ corporate EBITDA for the first quarter will be US$181m<\/strong>, a drop of 23 per cent from the previous quarter.<\/p>\n\n\n\n Results will be lower than expected due to an uneven recovery and higher operating expenses. However, gross gaming revenue (GGR) will rise to US$3bn, an 8 per cent increase<\/strong>, thanks to the mass segment.<\/p>\n\n\n\n VIP gaming operations are expected to decline by 3 per cent quarter-on-quarter<\/strong>.<\/p>\n\n\n\n See also:\u00a0<\/strong><\/em>Macau GGR up 13.6% month-on-month in March<\/em><\/strong><\/a>.<\/strong><\/em><\/p>\n\n\n\n Of the six casino operators,\u00a0Melco Resorts is expected to see the best improvement in property EBITDA<\/strong>, with a 15 per cent rise to nearly US$43m.<\/p>\n\n\n\n Sands China will see an 8 per cent rise to US$51m\u00a0<\/strong>and\u00a0Wynn Macau will record a 2 per cent improvement<\/strong>\u00a0to US$40m.<\/p>\n\n\n\n SJM Holdings<\/em><\/a>\u00a0it is expected to see\u00a0EBITDA results of US$28.6m in property losses<\/strong>.\u00a0MGM China<\/em><\/a>\u00a0will face a 69 per cent drop quarter-on-quarter to HK$115m<\/strong>, and Galaxy will be down 18 per cent<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" According to Morgan Stanley, Macau casinos will report an EBITDA of US$181m, down 23 per cent from the previous quarter despite an increase in gross gaming revenue.<\/p>\n","protected":false},"author":176,"featured_media":16779,"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 forecasts Macau's Q1 corporate EBITDA at US$181m, a 23% quarter-on-quarter decline, despite an 8% increase in GGR to US$3bn driven by the mass segment. This disparity is attributed to an uneven recovery and elevated operating expenses, with VIP gaming operations also projected to decrease by 3%. Individual operator performance varies significantly, highlighting divergent recovery trajectories within the market.","focusai_entities":"Morgan Stanley, Melco Resorts, Sands China, Wynn Macau, SJM Holdings, MGM China, Galaxy","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau Q1 EBITDA Drivers","query":"Beyond uneven recovery and operating expenses, what specific macro-economic factors or policy shifts are contributing to the significant quarter-on-quarter EBITDA decline in Macau despite GGR growth?"},{"label":"Operator Performance Disparity","query":"What are the underlying operational or strategic differentiators enabling Melco Resorts and Sands China to project EBITDA growth while MGM China and Galaxy face substantial declines in the same market conditions?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-16778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16778","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=16778"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16778\/revisions"}],"predecessor-version":[{"id":16799,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16778\/revisions\/16799"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16779"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=16778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=16778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=16778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}