{"id":777019977,"date":"2024-10-18T09:29:14","date_gmt":"2024-10-18T12:29:14","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777019977"},"modified":"2026-04-22T05:02:02","modified_gmt":"2026-04-22T08:02:02","slug":"macau-casinos-sands-china-ebitdar-to-rise-16-6-in-2025-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-casinos-sands-china-ebitdar-to-rise-16-6-in-2025-analysts-say","title":{"rendered":"Macau casinos: Sands China EBITDAR to rise 16.6% in 2025, analysts say"},"content":{"rendered":"\n

JP Morgan Securities says Sands China’s EBITDAR could reach US$2.77bn next year.<\/p>\n\n\n\n\n\n\n\n

Macau.- Analysts at JP Morgan Securities <\/strong>have forecast that Sands China’s earnings before interest, taxation, depreciation, amortisation and rent (EBITDAR) could rise 16.6 per cent year-on-year to US$2.77bn in 2025. Joe Greff <\/strong>and Sam Nielsen<\/strong> attributed the increase to the Londoner Macao’s renovation.<\/p>\n\n\n\n

The US$2bn Londoner project\u00a0opened in phases starting in February 2021<\/a>. The \u2018British-themed\u2019 complex has five hotels, collectively offering nearly 6,000 rooms and suites.\u00a0One of the resort’s gaming floors has already been renovated and is now open, while hotel rooms and other revenue-generating elements will open gradually in the fourth quarter of 2024 and throughout 2025. According to analysts, this should enable Sands China to achieve growth in 2025 that exceeds that of its peers in the city.<\/p>\n\n\n\n

See also: <\/strong>The Londoner Grand to become first Marriott Luxury Collection hotel in Macau<\/a><\/p>\n\n\n\n

GGR reaches US$1.37bn in first 13 days of October, JP Morgan says<\/h2>\n\n\n\n

Analysts at JP Morgan Securities (Asia Pacific) have estimated that Macau\u2019s gross gaming revenue (GGR)<\/strong> for the first 13 days of October was MOP11.0bn (US$1.37bn). The estimated GGR run rate was MOP846m (US$106.78m) a day.<\/p>\n\n\n\n

Analysts DS Kim<\/strong>, Mufan Shi <\/strong>and Selina Li <\/strong>said that, despite a slowdown following the October Golden Week holiday period<\/a>, last week\u2019s daily run-rate was MOP643m (US$80.33m) per day, up 10 per cent when compared to September (MOP575m) and on par with August.<\/p>\n\n\n\n

October\u2019s GGR is expected to reach MOP22bn (US$2.74bn), with a daily run rate of more than MOP700m (US$87.91m). That would surpass previous market prediction of MOP20bn (US$2.49bn) to MOP21bn (US$2.61bn).<\/p>\n","protected":false},"excerpt":{"rendered":"

JP Morgan Securities says Sands China’s EBITDAR could reach US$2.77bn next year.<\/p>\n","protected":false},"author":176,"featured_media":26755,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"JP Morgan Securities forecasts Sands China's 2025 EBITDAR to reach US$2.77bn, a 16.6% year-on-year increase, primarily driven by the phased renovation and opening of The Londoner Macao. Concurrently, Macau's October GGR is projected to exceed MOP22bn (US$2.74bn), surpassing prior market expectations, despite a post-Golden Week slowdown.","focusai_entities":"JP Morgan Securities, Sands China, Joe Greff, Sam Nielsen, The Londoner Macao, JP Morgan Securities (Asia Pacific), DS Kim, Mufan Shi, Selina Li, Marriott Luxury Collection","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.98), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Sands China ROI?","query":"Beyond the EBITDAR projection, what is the estimated return on investment (ROI) timeline for Sands China's US$2bn Londoner Macao renovation, considering capital expenditure and projected revenue uplift?"},{"label":"Macau GGR Impact?","query":"Given the upward revision of Macau's October GGR forecast, what are the implications for the Q4 2024 and FY2025 market outlook, particularly concerning concessionaire profitability and potential dividend policies?"}],"footnotes":""},"categories":[157,16338],"tags":[21680],"class_list":["post-777019977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-sands-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019977","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=777019977"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019977\/revisions"}],"predecessor-version":[{"id":777019995,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019977\/revisions\/777019995"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26755"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777019977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777019977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777019977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}