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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

Workers demonstrate outside Grand Lisboa

SJM employees march round the casino-hotel, whistling demand for higher pay

August 1-17 table revenue estimate MOP15.9 bln

Sterne Agee says casino revenue run-rate 1.5 pct less than a year earlier

Average visitor spends MOP2,141 in Macau in Q2

Visitors staying overnight spend more per head, but day-trippers spend less

Macau banks take on more intl business in Q2

Intl assets grow to MOP1,018.9 bln, intl liabilities grow to MOP968.4 bln

Galaxy Entertainment H1 net profit hits HK$6 bln

Revenue grows 25 pct to HK$38.4 bln, EBITDA increases 26 pct to HK$7.3 bln

Chui aiming to force hand of casinos on purchasing

Will try to make gaming companies, govt depts buy supplies made in Macau

Chui would curb gaming growth in second term

Chief executive’s re-election manifesto envisages a more diverse economy

Demonstrators hand trade union’s demands to SJM

Company accepts Forefront of Macau Gaming letter calling for higher pay

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