Casino

Macau mass gaming revenue might see 12 % growth in Q2

Wednesday 10 de July 2019 / 08:29

⏱ 1 min read

(Macau).- Financial services company Morgan Stanley said on Tuesday that it expected 12 per cent of year-on-year growth in the mass market of gross gaming revenues for the second quarter this year, despite a weak VIP revenue.

Macau mass gaming revenue might see 12 % growth in Q2

The Gaming Inspection and Co-ordination Bureau (DICJ) announced that the second quarter was MOP73.35 billion (US$9.1 billion). Morgan Stanley estimates that the mass revenue will be flat, while the VIP revenue will be down high single digits on a quarter-on-quarter basis.

The company also predicted that the property EBITDA will amount to US$2.4 billion for the second quarter, a year-on-year growth rate of 7 per cent from 4 per cent in the first quarter this year, but a 4 per cent decrease quarter-on-quarter.

Additionally, the company believes the VIP roll will grow 3 per quarter-on-quarter but with VIP revenue declining 9 per cent year-on-year.

Meanwhile, Morgan Stanley did not see a meaningful potential increase in earnings for Macau gaming stocks.

Categoría:Casino

Tags: casinos,

País: Macao

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