Ge Long Hui·2025-12-04 05:15Core Viewpoint - UBS has a positive outlook on the Macau gaming industry for the next year, expecting demand to remain robust due to a rich array of tourism products, increased market promotion, and a more diversified customer base [1] Group 1: Industry Growth Projections - The total gaming revenue growth forecast for Macau has been raised from 8% and 5% to 9% and 6% for the next two years [1] - EBITDA for gaming operators is expected to grow by approximately 1% and 7% in the coming years [1] Group 2: Competitive Landscape - The competitive landscape for gaming stocks in Macau is expected to remain stable next year, with high-end gaming operators likely to sustainably gain market share [1] - The preferred stocks in the industry currently include Galaxy Entertainment, Wynn Macau, and MGM China [1]