Operators have expressed a commitment to delivering returns to shareholders.<\/p>\n\n\n\n\n\n\n\n
Macau.- HSBC Global Research<\/strong> has predicted that MGM China<\/strong>, Wynn Macau<\/strong>, Galaxy<\/strong>, and Sands China <\/strong>will distribute dividends this year, while Melco and SJM are expected not to. According to Charlene Liu<\/strong>, Jessie Lu<\/strong>, and Lauren Cai<\/strong>, Macau’s gaming demand remains robust, and operators have expressed a commitment to delivering returns to shareholders.<\/p>\n\n\n\n They maintain a positive outlook on MGM China and Galaxy, citing favourable trends across all business segments, particularly in the VIP sector, and anticipating an increase in visitor frequency<\/a> with the expansion of non-gaming offerings, potentially mitigating seasonal fluctuations.<\/p>\n\n\n\n See also:<\/strong> Macau VIP baccarat revenue up 67.9% in Q1<\/a><\/p>\n\n\n\n According to Macau Business, they said senior management at MGM and Wynn have indicated that intense market competition could put pressure on margins for the high-end mass segment but that operating leverage could buffer the effects as top lines continued to grow.<\/p>\n\n\n\n In March, MGM China announced a final dividend of HK$0.243 per share<\/a> and a special dividend of HK$0.104 per share for 2023. For the same fiscal year, Wynn Macau declared a final dividend of HK$0.075 per share.<\/p>\n\n\n\n Macau\u2019s GGR for March<\/a> was MOP19.50bn (US$2.42bn)<\/strong>, an increase of 5.5 per cent month-on-month<\/a> and 53.1 per cent when compared to March 2023. Cumulatively, Macau\u2019s GGR for the first three months of 2024 was MOP$57.3bn (US$7.11bn), up 65.5 per cent year-on-year and implying a full-year run rate of around MOP$229.2bn (US$28.4bn).<\/p>\n","protected":false},"excerpt":{"rendered":" Operators have expressed a commitment to delivering returns to shareholders.<\/p>\n","protected":false},"author":176,"featured_media":21513,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"HSBC Global Research forecasts dividend distributions for MGM China, Wynn Macau, Galaxy, and Sands China in Macau this year, driven by robust GGR growth and strong gaming demand, particularly in the VIP sector. While intense market competition may pressure high-end mass segment margins, operating leverage and expanded non-gaming offerings are expected to support overall performance and shareholder returns.","focusai_entities":"HSBC Global Research, MGM China, Wynn Macau, Galaxy, Sands China, Melco, SJM, Charlene Liu, Jessie Lu, Lauren Cai, Macau Business","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook","query":"What is the projected full-year GGR for Macau based on current Q1 performance, and how does this compare to pre-pandemic levels and prior analyst forecasts?"},{"label":"Margin Pressure Mitigation","query":"Beyond operating leverage, what specific strategic initiatives are Macau operators implementing to mitigate margin pressure in the high-end mass segment amidst intense market competition?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-777014893","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\/777014893","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=777014893"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014893\/revisions"}],"predecessor-version":[{"id":777014929,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014893\/revisions\/777014929"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21513"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}