{"id":31384,"date":"2022-07-04T03:22:15","date_gmt":"2022-07-04T06:22:15","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=31384"},"modified":"2026-04-23T07:12:53","modified_gmt":"2026-04-23T10:12:53","slug":"macau-casinos-likely-to-post-ebitda-losses-for-q2-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-casinos-likely-to-post-ebitda-losses-for-q2-analysts-say","title":{"rendered":"Macau casinos likely to post EBITDA losses for Q2, analysts say"},"content":{"rendered":"\n<p>Analysts at JP Morgan Securities predict that Macau casino operators will report negative EBITDA for the quarter due to poor GGR performance in June.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- The new outbreak of Covid-19 cases in Macau has deeply affected the gaming industry, causing June to see\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-plunges-to-lowest-monthly-tally-of-the-year\" target=\"_blank\">one of the worst GGR performances since September 2020<\/a>. As a result, <strong>analysts at JP Morgan Securities\u00a0<\/strong>have warned that Macau casino operators are likely to post negative earnings before interest, taxation, depreciation and amortisation (EBITDA) for the second quarter.<\/p>\n\n\n\n<p>Macau&#8217;s gross gaming revenue for Q2 was<strong> down 67 per cent year-on-year\u00a0<\/strong>and 52 per cent quarter-on-quarter at MOP8.5bn (US$1.050m). The figure was just 12 per cent of pre-pandemic levels.\u00a0<\/p>\n\n\n\n<p>Analysts said that at this level,\u00a0<strong>none of the operators would be able to generate positive EBITDA<\/strong>, not even Galaxy Entertainment Group.<\/p>\n\n\n\n<p>Brokerage <strong>Sanford C. Bernstein Ltd<\/strong>\u00a0added that Macau&#8217;s average daily volume of travel in and out of the city between June 17 (when the first new Covid-19 cases were reported) and June 29 was down 77 per cent week-on-week to only 9,400.<\/p>\n\n\n\n<p><strong>Deutsche Bank Securities Inc\u00a0<\/strong>has updated its third-quarter predictions for Macau casino revenue and forecasts that third-quarter GGR will be down 31 per cent year-on-year from US$2.34bn to US$1.62bn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts at JP Morgan Securities predict that Macau casino operators will report negative EBITDA for the quarter due to poor GGR performance in June.<\/p>\n","protected":false},"author":176,"featured_media":27875,"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 casino operators are projected to report negative EBITDA for Q2, driven by a severe 67% year-on-year decline in Gross Gaming Revenue (GGR) in June, attributed to a new COVID-19 outbreak and subsequent travel restrictions. This performance, reaching only 12% of pre-pandemic levels, indicates no operator, including Galaxy Entertainment Group, will achieve positive EBITDA. Analysts also forecast a 31% year-on-year GGR reduction for Q3.","focusai_entities":"JP Morgan Securities, Galaxy Entertainment Group, Sanford C. Bernstein Ltd, Deutsche Bank Securities Inc","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q3 GGR Outlook","query":"What specific operational adjustments or government support measures are Macau casino operators implementing to mitigate the projected Q3 GGR decline and return to EBITDA positivity?"},{"label":"Capital Market Impact","query":"How might sustained negative EBITDA in Macau impact the capital market's perception of integrated resort development financing and the long-term valuation multiples for regional gaming conglomerates?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-31384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31384","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=31384"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31384\/revisions"}],"predecessor-version":[{"id":31421,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31384\/revisions\/31421"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/27875"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}