According to Deutsche Bank
Sands China to see market share go up
(Macau).- According to a recent report released by the Deutsche Bank, Sands China is set to see its share of casino gross gaming revenue in Macau increase significantly in 2012.
2012-04-24
Reading time 38 seg
(Macau).- According to a recent report released by the Deutsche Bank, Sands China is set to see its share of casino gross gaming revenue in Macau increase significantly in 2012.
Analysts Carlo Santarelli and Kelly Knybel said last week in a note to investors that they expect the firm’s market share to increase from 15.6 percent last year to 19.4 percent for the whole of 2012, on an underlying market growth assumption of 21.2 percent.
Sands China this month opened the first phase of its fourth property in Macau, Sands Cotai Central, which is expected to help push performance up. Santarelli and Knybel expect Sands China to post an EBITDA of us$ 479.5 million for the first quarter, up by 27 percent year-on-year.
Sands China parent Las Vegas Sands is set to announce its first quarter results on April 25. Its board of directors met last Friday to discuss the recommendation on the payment of a final dividend for 2011.
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