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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

Lawrence Ho group raises stake in Russian project

Vladivostok casino consortium buys half of troubled Russian partner’s stake

Easter visitors rise 27 pct to nearly 626,000

Some 1.89 mln people enter or leave Macau, most through Gongbei border post

Grand Hyatt Macau launches events application

Mobile phone app keeps participants in meetings and exhibitions informed

Govt gives chambers of commerce MOP55.28 mln in Q1

Most of the money was for chambers to take part in meetings, exhibitions

Sands China Q1 EBITDA growth tipped to be fastest

Parent company Las Vegas Sands to release results of Macau operations today

Govt to review rules on VIP gaming rooms

Chief Executive says changes will be discussed when gaming licences renewed

Crown Resorts prepares bid for Las Vegas casino

Packer company in the running for the Cosmopolitan casino and hotel complex

Broker tips April gaming revenue to rise 5-10 pct

Sterne Agee keeps its forecast of revenue for 2014 despite April run rate

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