According to a report published by Citigroup, Macau's gross gaming revenue for the first quarter increased by 6%. It is estimated that the industry's EBITDA increased by only 2% quarterly, reflecting the negative impact of poor win rates on operating leverage. I believe that the EBITDA growth performance of Aobo and MGM China is relatively good quarterly. The bank's first choice is MGM China. The company has installed smart gambling tables earlier, and its marketing efforts are quite aggressive. Since last year and the beginning of this year, it has successfully sought market share. In response to its smart casino development schedule, I believe the company will benefit from leading technology and raise its target price from HK$16 to HK$17. The order of preference is MGM China, Galaxy Entertainment, Sands China, Macau, Wynn Macau, and Macau Expo.
花旗：料澳博及美高梅中国首季营运表现最佳 上调目标价
Citigroup: Australian Expo and MGM China are expected to have the best operating performance in the first quarter and increase target prices
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