博彩总收入增长

Search documents
小摩:料澳门10月博彩总收入同比升最多13% 达六年来高位
Zhi Tong Cai Jing· 2025-10-08 05:57
摩通大根发布研报称,澳门10月首五日的博彩总收入(GGR)达55亿澳门元,日均收入约11亿澳门元,是 近5年来最好的黄金周表现。然而,与去年非常高的基数相比,同比仅增长3%,低过该行和市场预期。 10月1日至5日的访客量持平,进一步拖累GGR增长,因台风令10月5日的访客量下跌25%。 不过,该行对目前看似疲弱的增长势头并不担心,因为今年的假期较长,意味黄金周后半段将出现更持 续且更强劲的需求,而台风或反而进一步推动这趋势,因为台风导致渡轮及航班中断约半日。因此,该 行预期10月第二周的GGR将同比增长中高十位数,至每日约7.5亿澳门元,并维持全月预测不变,料10 月GGR同比增长11至13%,至230亿澳门元,达到6年来高峰。 ...
小摩:料澳门8月博彩总收入增11至14% 主要受惠于暑期旺季强劲的旅客流量
智通财经网· 2025-08-26 05:55
细分而言,本月至今贵宾厅及中场业务均有10至15%的同比增长,分别恢复至疫情前水平的30%与 125%。该行现预期8月博彩总收入将增长11至14%,达到219亿至225亿元,有望再次突破疫情后纪录。 智通财经APP获悉,摩根大通发布研报称,根据该行数据,澳门8月首24天的博彩总收入(GGR)达176.5 亿澳门元(下同),日均收入为7.35亿元。上周的日均收入较前周进一步增长9%至7.93亿元,对比8月前17 天日均收入为7.1亿元,而7月日均为7.14亿元,创下疫情以来非黄金周期最高纪录,主要受惠于暑期旺 季强劲的旅客流量。 ...
小摩:料澳门博彩业下半年GGR增13% 看好银河娱乐等
Zhi Tong Cai Jing· 2025-08-12 06:43
Core Viewpoint - Morgan Stanley has upgraded its forecast for the Macau gaming industry for the third time in three months, indicating a positive outlook for the sector [1] Group 1: Company Ratings and Target Prices - Galaxy Entertainment's target price has been raised from HKD 42 to HKD 53, maintaining an "Overweight" rating [1] - MGM China’s target price increased from HKD 15 to HKD 23, also with an "Overweight" rating [1] - Sands China’s target price has been adjusted from HKD 18 to HKD 24.5, retaining an "Overweight" rating [1] - SJM Holdings' target price rose from HKD 2.2 to HKD 3, with a "Neutral" rating [1] - Melco International's target price increased from HKD 2.6 to HKD 4.5, but the rating is "Underweight" [1] Group 2: Industry Growth Projections - The total gaming revenue (GGR) is projected to grow by 13% in the second half of 2025, with a 4% increase in the first half [1] - Strong cash flow is expected to drive accelerated EBITDA growth, with forecasts of a 12% increase in Q3 and a 16% increase in Q4, surpassing market expectations [1] - Continuous positive revisions and normalization of price-to-earnings multiples suggest a potential average stock price increase of approximately 35% for the industry [1]
小摩:料澳门博彩业下半年GGR增13% 看好银河娱乐(00027)等
智通财经网· 2025-08-12 06:43
Core Viewpoint - Morgan Stanley has upgraded its forecast for the Macau gaming industry for the third time in three months, indicating a positive outlook for the sector [1] Company Summaries - Galaxy Entertainment's target price has been raised from HKD 42 to HKD 53, maintaining an "Overweight" rating [1] - MGM China’s target price increased from HKD 15 to HKD 23, also with an "Overweight" rating [1] - Sands China’s target price has been adjusted from HKD 18 to HKD 24.5, retaining an "Overweight" rating [1] - SJM Holdings' target price rose from HKD 2.2 to HKD 3, with a "Neutral" rating [1] - Melco International's target price increased from HKD 2.6 to HKD 4.5, but the rating is "Underweight" [1] Industry Insights - The total gaming revenue (GGR) is projected to grow by 13% in the second half of 2025, with a 4% increase in the first half [1] - Strong cash flow is expected to drive EBITDA growth, with forecasts of a 12% increase in Q3 and a 16% increase in Q4, surpassing market expectations [1] - Continuous positive revisions and normalization of price-to-earnings multiples suggest a potential average stock price increase of approximately 35% for the industry [1]