Macau: strong EBITDA growth for all casino operators is expected | Yogonet International
According to Morgan Stanley

Macau: strong EBITDA growth for all casino operators is expected

(Macau).- Morgan Stanley estimates all six Macau gaming operators will post significant earnings before interest, taxes, depreciation and amortisation (EBITDA) for the second quarter of 2011.
2011-07-21
Macau
Reading time 32 seg

In a note to investors, analysts Praveen K. Choudhary and Calvin Ho note that the Macau gaming industry saw revenue growth of 12 % quarter-on-quarter.“We expect most operators to see EBITDA growth of 11-16 % quarter-on-quarter due to operating leverage,” they wrote.

The analysts say the major growth rates are expected to take place at Melco Crown and Galaxy Entertainment Group, with increases of 44 percent and 34 percent quarter-on-quarter respectively, due to a normalizing VIP win rate (MPEL) and the new casino opening (Galaxy).

Both Wynn Resorts and MGM Resorts International have already announced the dates for the release of their financial results for the second quarter of 2011: July 18 and August 8, respectively. The reports will also shed light on the results of their Macau subsidiaries, Wynn Macau and MGM China.

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