Oct 25, 2014,
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ISSUE 118 - Feb 2014
 
 
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2014?
Decline
Growth above 10 percent
Growth from 0 to 10 percent
Stagnation
 
 

Morgan Stanley likes casino stocks in medium term


Posted: 10/29/2013 12:06:17 PM
Rating:     0% ( votes)
  

Morgan Stanley says Macau casino stocks will continue to provide good returns to investors – at least in the medium term.

The investment bank says in a note to investors that consensus casino revenue forecasts for next year are not very high.

It suggests that casino stocks should see forward earnings before interest, tax, depreciation and amortisation of 16 times price.

But there is increasing uncertainty for casino stocks in the longer term. It says the lack of new casinos in the next two years, the limit on live gaming tables, uncertainty about the renewal of the licences of the six casino operators and the shift to mass-market gaming may affect earnings.



Other Macau Latest News

Macau international trade, investment fair opens

Attended by people from over 50 economies, some never before represented

September visitors increase by 3 pct to 2.41 mln

More tourists come from the mainland, but fewer from Hong Kong or Taiwan

Round-the-clock border opening expected soon

Mainland authorities preparing facilities on their side of Hengqin crossing

Govt opts for Avenida 24 de Junho route for LRT

Transportation Infrastructure Office accepts architect’s waterfront idea
Headlines

Tam expects gaming revenue to keep falling

Economy secretary says declining trend of revenue may persist until 2015H1

Galaxy Entertainment scraps apartment hotel plan

The expanded Galaxy Macau is set to have a bigger five-star hotel instead

Analysts envisage mass-market gaming predominating

Predict mass market will soon contribute over half of casino gaming revenue

Jimei boss fails to buy all of Sinogreen Energy

Owners of 0.005 pct of Sinogreen Energy stock accept mandatory cash offer

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