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Macau Chief Executive maintains 2024 GGR forecast of $26.8 billion

February 13, 2024 - Macau’s Chief Executive, Ho Iat Seng, said Tuesday that the government is maintaining its GGR forecast for 2024 at $26.8 billion. It was during his November 2023 annual Policy Address... Read more »

Citigroup ups its 2024 Macau casino revenue forecast to MOP231 billion

February 6, 2024 - Citigroup has revised its forecast for Macau’s 2024 gaming prospects, predicting that the casino industry could generate MOP231.3 billion (US$29 billion) in gross gaming revenue this year. According to its... Read more »

Citi raises Macau FY24 GGR forecast to $29 billion after stronger than expected January result

February 2, 2024 - Citi analysts have raised their growth forecast for FY24, with gross gaming revenues now tipped to reach $29 billion, equivalent to 79% of 2019 levels. The revised forecast, which reflects... Read more »

Chief Executive maintains Macau GGR forecast of MOP$130 billion for 2023

January 12, 2023 - Macau Chief Executive Ho Iat Seng said Thursday that the government will maintain its 2023 gross gaming revenue forecast of MOP$130 billion (US$16 billion). “This year’s budget states that gross... Read more »

Analyst’s gloomy forecast for Macau spurs stock declines for Wynn, Sands and MGM

September 17, 2020 - A gaming analyst’s cautious view toward the recovery of Macau’s gaming market following eight straight months of declining revenues sent shares of the three Las Vegas-based casino operators with holdings... Read more »

Melco chief ‘upbeat’ on Macau

December 18, 2023 - For the first time since prior to the pandemic, Melco Resorts & Entertainment CEO Lawrence Ho met with stateside investors. J.P. Morgan analyst Joseph Greff described the meetings as “well... Read more »

Typhoon doesn’t dampen Macau revenues

October 9, 2023 - Macau’s October is off to a roaring start, according to numbers crunched by J.P. Morgan analysts. Casinos in the Chinese enclave grossed $825 million during the first eight days of... Read more »

Wall Street Bets: Analysts take on earnings from PENN, LVS in Macau, GLPI and Monarch

July 24, 2023 - In a July 24 note, J.P. Morgan analyst Joseph Greff wrote that the company was lowering its second quarter EBITDAR (net interactive loss and corporate expenses) forecast for Penn Entertainment... Read more »

Wall Street Bets: Analysts take on first half of 2023, Gambling.com, DraftKings, MGM Macau

July 18, 2023 - Truist Securities analyst Barry Jonas, in a July 18 statement, wrote that gaming industry fundamentals through the first half of 2023 “remain largely consistent — though the issue is that... Read more »

Another analyst bullish on Macau

July 13, 2023 - In a Wednesday investor note, Deutsche Bank analyst Carlo Santarelli laid out a “bullish Macau view.” Citing second-quarter trends in the Chinese enclave and in other markets, he raised his... Read more »