{"id":777033032,"date":"2025-10-13T08:20:15","date_gmt":"2025-10-13T11:20:15","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777033032"},"modified":"2026-04-21T18:16:43","modified_gmt":"2026-04-21T21:16:43","slug":"clsa-expects-macau-casino-ebitda-to-improve-10-in-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/clsa-expects-macau-casino-ebitda-to-improve-10-in-q3","title":{"rendered":"CLSA expects Macau casino EBITDA to be up by 10% in Q3"},"content":{"rendered":"\n

The revised forecast reflects stronger-than-expected casino EBITDA for the July-September period. <\/p>\n\n\n\n\n\n\n\n

Macau.- Investment bank CLSA has upgraded its forecast for Macau\u2019s 2025 casino EBITDA for the Q3 period to US$2.06bn. That would be a rise of 10 per cent year-on-year on a 12.5 per cent increase in GGR<\/a>.<\/p>\n\n\n\n

Analysts Jeffrey Kiang and Leo Pan noted a 15 per cent year-on-year growth in visitations to Macau in July and August and a 2.3 percentage point year-on-year rise in average room occupancy of five-star hotels. Q3 GGR of MOP62.6bn (US$7.81bn) represented an average of MOP680m per day, 1.2 per cent above the MOP672m per day in the second quarter.<\/p>\n\n\n\n

CLSA said the luck-adjusted EBITDA margin was likely under pressure because of a 33-hour casino closure and higher payroll costs due to Typhoon Ragasa<\/a>.<\/p>\n\n\n\n


<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Macau sees best Golden Week revenue in over five years, JP Morgan says<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The revised forecast reflects stronger-than-expected casino EBITDA for the July-September period. <\/p>\n","protected":false},"author":226,"featured_media":777033035,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Investment bank CLSA has upgraded its Q3 2025 casino EBITDA forecast for Macau to US$2.06bn, reflecting a 10% year-on-year increase driven by a 12.5% rise in GGR and significant growth in visitations and hotel occupancy. Despite this, the luck-adjusted EBITDA margin faced pressure from a 33-hour casino closure and elevated payroll costs due to Typhoon Ragasa.","focusai_entities":"CLSA, Jeffrey Kiang, Leo Pan","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.98), investor_analyst (0.99), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Q3 EBITDA Drivers?","query":"What specific operational efficiencies or market segment shifts contributed to the stronger-than-expected casino EBITDA in Macau for Q3, beyond the reported GGR and visitation increases?"},{"label":"Typhoon Impact on Margins?","query":"How will the 33-hour casino closure and increased payroll costs due to Typhoon Ragasa specifically impact the long-term EBITDA margin outlook for Macau operators, and what mitigation strategies are being considered?"}],"footnotes":""},"categories":[16338,163],"tags":[29,257],"class_list":["post-777033032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-casino","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777033032","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777033032"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777033032\/revisions"}],"predecessor-version":[{"id":777033045,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777033032\/revisions\/777033045"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777033035"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777033032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777033032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777033032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}