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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

Survey finds casino service improved in Q2

Gaming staff are more proactive and tolerant, but their smiles need work

James Packer envisages new casino in Las Vegas

The gaming mogul is negotiating for possession of site of new casino-resort

Average housing price climbs to MOP97,406 in June

While prices rise, the number of homes sold falls everywhere except Coloane

H1 trade deficit widens by 15 pct to MOP38.42 bln

Exports climb 10 pct but their value is dwarfed by imports that jump 14 pct

Hamstrung Russians may try to raise money in Macau

Russian banks, companies seek to get round Western sanctions over Ukraine

Wynn Resorts boss says Wynn Palace to open on time

Steve Wynn aims to open the Cotai casino-resort at Lunar New Year in 2016

Wynn Resorts Q2 EBITDA in Macau US$307 mln

Casino operator’s VIP business dips while its mass-market business leaps

Nomura detects strong mass-market gaming trends

But thinks below-average win rate curbed VIP revenue in week ended July 27

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