{"id":777016962,"date":"2024-07-04T08:35:00","date_gmt":"2024-07-04T11:35:00","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777016962"},"modified":"2026-04-22T08:28:51","modified_gmt":"2026-04-22T11:28:51","slug":"macau-casino-ebitda-to-reach-us1-97-bn-in-q2-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-casino-ebitda-to-reach-us1-97-bn-in-q2-analysts-say","title":{"rendered":"Macau casino EBITDA to reach US$1.97 bn in Q2, analysts say"},"content":{"rendered":"\n<p>Morgan Stanley expects Macau\u2019s gaming industry property EBITDA to be down 4 per cent quarter-on-quarter.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Analysts at\u00a0<strong>Morgan Stanley <\/strong>have predicted that Macau\u2019s gaming industry property earnings before interest, taxes, depreciation, and amortisation (EBITDA) will be down 4 per cent quarter-on-quarter to MOP15.85bn (US$1.97bn) for the second quarter. Analysts<strong> Praveen Choudhary<\/strong>,\u00a0<strong>Gareth Leung<\/strong>, and\u00a0<strong>Stephen Grambling<\/strong> said the estimate was based on projections of increased operating expenses and steady reinvestment costs.<\/p>\n\n\n\n<p>Analysts anticipate a 2 per cent decrease in Macau&#8217;s GGR to US$7.1bn, which would be a recovery of 77 per cent of the pre-pandemic level.<\/p>\n\n\n\n<p>Macau\u2019s gross gaming revenue (GGR) for June was MOP17.69bn (US$2.20bn). The figure was up 16.4 per cent year-on-year but down\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-29-7-in-may\" target=\"_blank\" rel=\"noreferrer noopener\">12.4 per cent month-on-month<\/a>. The tally was the lowest this year but recovered to 74 per cent of 2019 levels.  Despite concerns about <a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-casinos-reportedly-told-to-scrap-free-food-and-drinks\" target=\"_blank\" rel=\"noreferrer noopener\">the removal of free snacks for non-gamblers<\/a>, a decline in referral programmes and weaker retail sales, analysts viewed the figure positively.<\/p>\n\n\n\n<p>Cumulatively, Macau\u2019s GGR for the first half of 2024 was MOP113.8bn (US$14.20bn), up 41.9 per cent year-on-year but 23.9 per cent below the same period in 2019.<\/p>\n\n\n\n<p><strong>See also:<\/strong>&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-to-reach-us28-7bn-this-year-seaport-research-partners-says\" rel=\"noreferrer noopener\">Macau GGR to reach US$28.7bn this year, Seaport Research Partners says<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Morgan Stanley expects Macau\u2019s gaming industry property EBITDA to be down 4 per cent quarter-on-quarter.<\/p>\n","protected":false},"author":176,"featured_media":21776,"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 projects Macau's Q2 property EBITDA to decline 4% quarter-on-quarter to MOP15.85bn, driven by increased operating expenses and steady reinvestment costs. Concurrently, Macau's GGR is anticipated to decrease 2% to US$7.1bn for Q2, representing 77% of pre-pandemic levels, despite a 41.9% year-on-year GGR increase for H1 2024.","focusai_entities":"Morgan Stanley, Praveen Choudhary, Gareth Leung, Stephen Grambling, Seaport Research Partners","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Q2 EBITDA Drivers","query":"What specific operating expense increases and steady reinvestment costs are driving Morgan Stanley's projected 4% quarter-on-quarter EBITDA decline for Macau's gaming properties in Q2?"},{"label":"GGR Recovery Trajectory","query":"How do the projected Q2 GGR figures and the H1 2024 cumulative GGR performance align with the broader market's expectations for Macau's full recovery to pre-pandemic levels, considering the identified headwinds?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777016962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016962","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=777016962"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016962\/revisions"}],"predecessor-version":[{"id":777016981,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016962\/revisions\/777016981"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21776"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777016962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777016962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777016962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}