{"id":777006693,"date":"2023-06-28T08:34:48","date_gmt":"2023-06-28T11:34:48","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777006693"},"modified":"2026-04-22T20:34:37","modified_gmt":"2026-04-22T23:34:37","slug":"morgan-stanley-macau-mass-revenue-to-reach-90-of-2019-levels-in-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/morgan-stanley-macau-mass-revenue-to-reach-90-of-2019-levels-in-q2","title":{"rendered":"Morgan Stanley: Macau mass revenue to reach 90% of 2019 Levels in Q2"},"content":{"rendered":"\n<p>Morgan Stanley&nbsp;has predicted that Macau&#8217;s&nbsp;mass revenue gaming revenue will rise by 29 per cent quarter-on-quarter.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Analysts at&nbsp;<strong>Morgan Stanley&nbsp;<\/strong>have predicted that Macau&#8217;s&nbsp;mass revenue gaming revenue will rise by 29 per cent quarter-on-quarter, reaching 90 per cent of pre-Covid-19 levels in Q2. They anticipate a 46 per cent increase in EBITA to MOP12.9bn (US$1.6bn), 70 per cent of pre-pandemic levels, free cash flow to equity close to 60 per cent of 2019 levels.<\/p>\n\n\n\n<p>Morgan Stanley credits a <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/citigroup-says-jacky-cheung-concerts-boosted-sands-market-share\" target=\"_blank\">series of concerts<\/a>&nbsp;held in the Special Administrative Region (SAR) as one factor influencing the rise in mass revenue. Meanwhile, improvements in ferry and air travel capacity are facilitating access for visitors.<\/p>\n\n\n\n<p>Analysts expect the trend to continue in the third quarter of the year. It also notes the rise in spending, with per capita spending tracking <strong>50 per cent higher than pre-pandemic levels in 2019<\/strong>. Morgan Stanley project that<strong> mass revenue will surpass 2019 levels<\/strong>, reaching 115 per cent and 125 per cent in 2024 and 2025, respectively.<\/p>\n\n\n\n<p><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-for-first-18-days-of-june-estimated-at-us63-24m-per-day\" rel=\"noreferrer noopener\">GGR for the first 18 days of June<\/a>&nbsp;averaged approximately&nbsp;<strong>MOP527m (US$63.24m) per day<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Morgan Stanley&nbsp;has predicted that Macau&#8217;s&nbsp;mass revenue gaming revenue will rise by 29 per cent quarter-on-quarter.<\/p>\n","protected":false},"author":176,"featured_media":26650,"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 a 29% quarter-on-quarter rise in Macau's mass gaming revenue for Q2, reaching 90% of pre-Covid-19 levels, driven by events and improved travel capacity. The firm projects EBITA to increase by 46% and anticipates mass revenue to surpass 2019 levels by 115% and 125% in 2024 and 2025, respectively, indicating a robust market recovery.","focusai_entities":"Morgan Stanley","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 (0.9)","focusai_suggestions":[{"label":"Macau GGR Drivers?","query":"What specific non-gaming amenities and infrastructure improvements are Macau operators leveraging to sustain the projected mass market GGR growth beyond 2023?"},{"label":"EBITA Margin Outlook?","query":"Given the projected EBITA increase, what are the underlying cost structures and operational efficiencies contributing to this margin expansion for Macau's integrated resorts?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777006693","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\/777006693","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=777006693"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006693\/revisions"}],"predecessor-version":[{"id":777006731,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006693\/revisions\/777006731"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26650"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777006693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777006693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777006693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}