{"id":777007164,"date":"2023-07-12T09:03:21","date_gmt":"2023-07-12T12:03:21","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777007164"},"modified":"2026-04-22T20:06:25","modified_gmt":"2026-04-22T23:06:25","slug":"macau-casino-ebitda-to-reach-65-of-2019-levels-in-q2-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-casino-ebitda-to-reach-65-of-2019-levels-in-q2-analysts-say","title":{"rendered":"Macau casino EBITDA to reach 65% of 2019 levels in Q2, analysts say"},"content":{"rendered":"\n

Citigroup forecasts a 35 per cent rise from the last quarter.<\/p>\n\n\n\n\n\n\n\n

Macau.- Citigroup<\/strong> analysts\u00a0George Choi<\/strong>\u00a0and\u00a0Ryan Cheung<\/strong> have forecast casino earnings before interest, taxation, depreciation, and amortization (EBITDA) of US$1.59bn for Q2. That be 65 per cent of 2019 levels and a 35 per cent rise compared to the previous quarter <\/p>\n\n\n\n

In a memo issued on Monday (July 10), Choi and Cheung highlighted the positive momentum in Macau’s gross gaming revenue (GGR) during the second quarter of 2023. They said a steady recovery in EBITDA was driven by\u00a0strong performance in the premium mass segment<\/strong>, which accounted for approximately 90 per cent of the GGR recovery.<\/p>\n\n\n\n

Second quarter GGR was MOP45.49bn (US$5.65bn), a 31.3 per cent rise\u00a0from the first quarter of 2023<\/a>\u00a0and 62 per cent of the GGR achieved in the same period in 2019.<\/p>\n\n\n\n

Citigroup analysts also observed that visitors in Macau are displaying higher spending than before the Covid-19 pandemic, reflecting a trend seen in luxury consumption globally. They predicted that\u00a0MGM China Holdings<\/strong>\u00a0would be the first casino operator in Macau to surpass pre-pandemic EBITDA levels.<\/p>\n\n\n\n

However, the brokerage expressed caution regarding SJM Holdings, foreseeing a slower EBITDA recovery for the company due to market share pressure faced by its satellite and self-operating casinos.<\/p>\n\n\n\n

JP Morgan Securities (Asia Pacific) Ltd<\/a>\u00a0 has stated that second-quarter EBITDA for the industry is likely to reach US$1.7bn, a 47 per cent increase compared to the first three months of the year.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Citigroup forecasts a 35 per cent rise from the last quarter.<\/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":"Citigroup analysts forecast Macau's Q2 casino EBITDA at US$1.59bn, a 35% rise from Q1 and 65% of 2019 levels, driven by strong premium mass segment performance. JP Morgan projects industry EBITDA at US$1.7bn. While MGM China is expected to surpass pre-pandemic EBITDA, SJM Holdings faces slower recovery due to market share pressures.","focusai_entities":"Citigroup, George Choi, Ryan Cheung, MGM China Holdings, SJM Holdings, JP Morgan Securities (Asia Pacific) Ltd","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.95), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Premium Mass Sustainability?","query":"What specific operational or marketing strategies are Macau operators implementing to sustain the strong performance of the premium mass segment amidst evolving market dynamics and potential shifts in consumer behavior?"},{"label":"SJM Holdings Strategy?","query":"What strategic adjustments or capital expenditure plans is SJM Holdings considering to mitigate market share pressure and accelerate its EBITDA recovery in the competitive Macau landscape, particularly concerning its satellite and self-operating casinos?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777007164","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\/777007164","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=777007164"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007164\/revisions"}],"predecessor-version":[{"id":777007218,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007164\/revisions\/777007218"}],"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=777007164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}