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Macau’s casino operators are expected to build on a 13 per cent revenue growth (Credits: wanderluxe.deluxenomad.com).
The combined market value of six casino operators in Macau would touch US$146 billion by 2020, Morgan Stanley predicts in a newly released a note.
Morgan Stanley projects a 13 per cent revenue growth in compound annual growth rate (CAGR). The analysts in the firm also add that there could be some hurdles in the immediate feature and the casinos will have to overcome them to achieve the projected growth rate.
The biggest hurdle is going to be the license rebidding process. The competition from Japan and Hainan for Chinese gamblers is also a potential hindrance factor.
Morgan Stanley analysts noted: “In case of licence renewal, it could either have a negative monetary impact or outright loss of gaming profit. With the potential opening of Japan and Hainan, the pie could shrink meaningfully.”
Furthermore, the brokerage explained that US gaming stocks will more likely be in a better position to face any potential disruptions. However, Galaxy and Sands China are also expected to better handle any hurdles due to their size and higher margin.
Source: Focus Gaming News
Source: European Gaming Industry News