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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?
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

Bank says Macau loss is Philippine, S. Korean gain

Chinese will shun the city in 2015 and gamble elsewhere, Deutsche Bank says

LRT contractor blames govt for construction delay

Project director says Macau Jockey Club interchange will take another year

Airport operator sets growth targets for 2015

The goals are more aircraft movements, passengers, freight – and revenue

Macau’s economy judged world’s best in 2014

According to how the Brookings Institution and JPMorgan Chase rank cities

Social welfare spending set in stone, says Chui

Chief executive rejects notion of less gaming tax cutting budget provisions

Fatal mishap fails to deter casino-resort operator

Melco Crown determined not to let builder’s death slow shopping arcade work

Beijing’s man in Macau explains gaming slump

Goes against general opinion and denies graft crackdown is the main cause

Official auditors voice more complaints about LRT

Commission of Audit says govt failed to update the budget for the project

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