According to Morgan Stanley
Cotai a winner in third quarter of 2011
(Macau).- Morgan Stanley says gaming operators with a presence in Cotai where the big winners of Macau’s gaming industry for the third quarter of 2011.
2011-10-20
Reading time 21 seg
(Macau).- Morgan Stanley says gaming operators with a presence in Cotai where the big winners of Macau’s gaming industry for the third quarter of 2011.
The investment bank expects Melco Crown Entertainment and Galaxy Entertainment Group to deliver rises of 13 percent and 72 percent, respectively, in earnings before interest, taxes, depreciation and amortisation (EBITDA) quarter-on-quarter, “much better than peninsula-based casinos,” analyst Praveen K. Choudhary wrote in an investors’ note.
Morgan Stanley expects the industry to see EBITDA growth for the third quarter of 2011 of 61 percent year-on-year and 7 percent quarter-on-quarter.
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