share_log

大行评级|瑞银:预期澳博录得同业中最好EBITDA增长 其次是美高梅

Major Bank Ratings | UBS: Expected to record the best EBITDA growth in the industry, followed by MGM

Gelonghui Finance ·  Apr 16 16:06
Glonghui, April 16 | According to a UBS research report, various gambling stocks will announce their performance for the first quarter of 2024 this week, with Sands China “leading the way”. According to data from the Macau Gaming Inspection and Coordination Bureau, overall Macau's total gaming revenue recorded MOP 57.3 billion, equivalent to 75% of the first quarter of 2019. It is expected that midfield gaming revenue will record 111% quarterly increase of 3% in the first quarter of 2019, while VIP club gaming revenue will rise 27% quarterly, which will cause the industry's profit before interest, tax, depreciation and amortization (EBITDA) to rise 2% quarterly. The report predicts that the Australian Expo recorded the best EBITDA growth in the industry due to the Macau Grand Lisboa Hotel. Next was MGM, which benefited from the continued rise in the market share of high-end midfielders in the first quarter. In addition, the bank will also reduce the market share of Saudi China and Galaxy Entertainment, while Wynn Macau and Macau International will remain stable. According to the report, the market will pay attention to comments and industry performance related to May 1st Golden Week to measure the sustainability of demand and profit margins.

The translation is provided by third-party software.


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.
    Write a comment