International edition
June 23, 2021

According to Morgan Stanley analysts

No casino slowdown in Macau

(Macau).- Morgan Stanley analysts say “there are no signs of patrons gambling less or delaying the debt owed to agents” in Macau. In a recent note, analysts Praveen Choudhary and Katherine Sun say “operators, junkets and agents [in Macau] are cautious to extend credit in an uncertain macro-economic backdrop but current growth expectation of 15 % for 2012 is defendable.”

T

he two analysts, who recently visited Macau, say “VIP growth may remain subdued but we do not expect a negative growth rate.”

Mr Choudhary and Ms Sun expect Macau’s casinos to report gaming gross revenue of at least us$ 3 billion, up by 15 percent year-on-year.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook