At the current rate, Citigroup estimates July’s monthly casino gross gaming revenue could exceed us$ 3 billion, implying a growth of 5 percent year-on-year.
Meanwhile, JPMorgan has cut its second quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) estimates for Sands China by 9 percent.
JPMorgan analyst Joseph Greff explained the decision citing “cannibalisation” from Sands Cotai Central and slowing VIP growth.