Overall, Macau gross gaming revenue was up 48 % year-on-year in February.
For the first two months of 2011, gross gaming revenue grew 40 % year-on-year, driven by 44 % growth in VIP revenue and 31 % in mass revenue, Choudhary and Ho said.
Morgan Stanley analysts expect Melco Crown Entertainment and Sands China to deliver 19 % and 14 % EBITDA growth quarter-on-quarter, respectively, in the first three months of 2011.
“This should drive stock outperformance in the near term for these two names,” Choudhary and Ho said.