May 24, 2015,
  CEO Profile
  Economy & finance
  Greater China
  MB Report
  News in brief
  Pearl River Delta
  Politics & diplomacy
  Sponsored Articles
ISSUE 118 - Feb 2014
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2014?
Growth above 10 percent
Growth from 0 to 10 percent

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

Revamped Jai Alai fronton to open after March 2016

SJM Holdings CEO says work has begun now govt has issued building permit

Better lives for all our main aim, Chui says

Chief executive says better perks for top officials will stay off the table

Precious metals exchange opens on Hengqin Island

Hopes Hengqin’s advantages will make it Guangdong’s top commodity exchange

Annual inflation rate slows to 4.51 pct in April

Renting a home, eating out cost more; enjoyment, boozing, smoking cost less

Govt gives casino operator nod for 150 new tables

But omits to say which operator and which casino-resort will get the tables

Improve Macau’s transport, US gaming figure says

Otherwise fate like Atlantic City’s awaits, says American Gaming Assn head

Q1 visitor spending drops 16 pct to MOP13.36 bln

Govt statisticians say overnight visitors tightened their purse strings

Auditors blame public works bureau for park mess

Say failures meant Taipa Central Park project finished late and over budget

No Comments

No comments yet.

Sorry, the comment form is closed at this time.

1. Studio City boss expects reward in form of tables
2. Govt gets 636 more opinions on height of new hotel
3. Hotel Management Summit Returns to Bangkok to Drive Hospitality Revenue and Profitability to New Heights
4. Aristocrat showcases the region's leading portfolio at G2E Asia
5. STDM Portuguese arm makes MOP18.5 mln loss in 2014
Nasdaq 5,089.36 N/A
S&P 500 2,126.06 N/A
DJ Stoxx 50 3,679.14 N/A
DAX 11,815.01 N/A
FTSE 100 7,031.72 N/A
Nikkei 225 20,264.41 N/A
Hang Seng 27,992.83 N/A
S&P/ASX 200 5,664.70 N/A
More >>
  Home The Magazine Subscribe Advertising Events MB Specials Contact Us  
Copyright © Macau Business 2010. All rights reserved.