International edition
September 23, 2021

According to a report from Morgan Stanley’s analyst

Positive fourth quarter for Macau casinos

(Macau).- Morgan Stanley’s analyst Praveen K. Choudhary is expecting Macau’s casino industry to report EBITDA growth for the fourth quarter of 2011 of 55 percent year-on-year. That represents a 12 percent increase quarter-on-quarter, he stated in an investors note released last week.

We expect MGM China, Sands China and Galaxy to deliver double-digit growth in EBITDA on a quarter-on-quarter basis in the upcoming fourth quarter results,” Choudhary wrote. He expects Sands China to report a fourth quarter property EBITDA of us$ 443 million, excluding ferry operations, up by 14 percent quarter-on-quarter.

Wynn Macau is expected to post us$ 316 million (up 7 %) while MGM China Holdings is to have the best property EBITDA quarter-on-quarter growth rate, at 29 %, reaching us$ 186.7 million. Melco Crown Entertainment is expected to reach a company EBITDA of us$ 224 million, a drop of 7 % over the previous quarter.

As for SJM Holdings, Morgan Stanley is expecting it to report a us$ 228 million EBITDA for the period between October and December 2011, up by 7 % quarter-on-quarter. The estimation for Galaxy Entertainment Group is us$ 1.97 billion, an increase of 10 %.

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