Greenway, December 4 | According to a report published by J.P. Morgan Chase, Macau's gross gaming revenue in November was 16 billion patacas, with an average daily revenue of 535 million patacas, equivalent to 70% before the COVID-19 pandemic. It is in line with market expectations. It is estimated that gross gaming revenue in December this year was 17.5 billion to 18 billion patacas, returning to 80% before the pandemic. The fourth quarter's gross midfield gaming revenue rose 10% on a quarterly basis, compared to previous seasonal effects. Performance was better by 5% to 6% on a quarterly basis. Midfield gaming revenue will exceed pre-pandemic levels, driving EBITDA to return to the pre-pandemic level by 85% That's it. The bank's preferred gaming stock was MGM China, followed by Sands China and Wynn Macau, followed by Galaxy Entertainment, City of Dreams International, and Macau Expo. Among them, MGM China, Sands China, Wynn Macau, and Bank Entertainment all had “increased holdings,” with an estimated potential increase of 50%.
大行评级|摩根大通:预计澳门12月博彩毛收入175亿至180亿澳门元 首选美高梅中国
Bank Ratings|J.P. Morgan: Macau's gross gaming revenue in December is expected to be 17.5 billion to 18 billion yuan, Macau's president's election for MGM China
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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