The brokerage has lowered Macau GGR estimates for April as the segment recorded less revenue than expected so far.
Despite a decrease in casino winnings across Louisiana, the New Orleans market posted positive results.
Morgan Stanley estimates revealed Macau VIP GGR was down 10% during the first quarter, while the mass market segment saw it grow 8%.
The Finance Ministry announced plans to raise gambling taxes in Czech Republic to increase public budget.
According to analysts, GGR in Macau will drop in the second quarter and is expected to hit rock bottom as tax cuts and credit ease out.