International edition
June 24, 2021

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.

T

he 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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