CLSA: Macau's February Gambling Revenue Exceeds Expectations, Favors Galaxy Entertainment and MGM China

Deep News

Yesterday

CLSA released a research report stating that Macau's total gross gaming revenue in February increased by 4.5% year-on-year to MOP 20.6 billion, surpassing the market consensus which had been revised down to 1% growth. Although gaming revenue data from February 16 to 18 was relatively soft, the figures for the entire month indicated strong demand toward the end, with average daily gross gaming revenue reaching MOP 1.053 billion from February 23 to 28.

The report suggests that this points to a solid start for March, with expectations of a 9.7% year-on-year increase to MOP 21.6 billion, equivalent to an average daily gross gaming revenue of MOP 696 million. CLSA's forecast for March is 3% lower than the market consensus. The report also noted that Macau's gaming sector is currently trading at 10.1 times the projected 2026 enterprise value to EBITDA, with GALAXY ENT and MGM CHINA remaining the top picks in the industry.

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Although gaming revenue data from February 16 to 18 was relatively soft, the figures for the entire month indicated strong demand toward the end, with average daily gross gaming revenue reaching MOP 1.053 billion from February 23 to 28.</p>\n<p>The report suggests that this points to a solid start for March, with expectations of a 9.7% year-on-year increase to MOP 21.6 billion, equivalent to an average daily gross gaming revenue of MOP 696 million. CLSA's forecast for March is 3% lower than the market consensus. The report also noted that Macau's gaming sector is currently trading at 10.1 times the projected 2026 enterprise value to EBITDA, with GALAXY ENT and MGM CHINA remaining the top picks in the industry.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0588546209.SGD","symbol_name":"Eastspring Investments - China Equity Fund AS SGD","start_time":0,"source_url":"","article_id":"1115939485","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1115939485","pubTimestamp":1772524296,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"CLSA released a research report stating that Macau's total gross gaming revenue in February increased by 4.5% year-on-year to MOP 20.6 billion, surpassing the market consensus which had been revised...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU0737861699.HKD":"FIDELITY CHINA FOCUS \"A \" (HKD) ACC","LU0173614495.USD":"富达中国焦点A","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","BK1610":"ETF&股票定投概念","00027":"银河娱乐","02282":"美高梅中国","LU1224709979.USD":"FIDELITY CHINA FOCUS \"A\" (USD) ACC","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","LU0594300419.USD":"富达中国消费基金A","LU0650527681.SGD":"Fidelity China Consumer A-SGD","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","HK0000288743.USD":"VALUE PARTNERS HIGH-DIVIDEND STOCKS \"A2\" (USDHDG) INC","HK0000288784.HKD":"VALUE PARTNERS HIGH-DIVIDEND STOCKS \"A2\" (HKDHDG) INC","LU0348783233.USD":"安联东方收入型 CI A Dis美元","LU0702159699.USD":"FIDELITY ASIAN SMALLER COMPANIES \"A\" (USD) ACC","LU1166156734.SGD":"Fidelity Asian Smaller Companies A-ACC-SGD","LU0348784397.USD":"ALLIANZ ORIENTAL INCOME \"A\" (USD) ACC","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","BK1521":"挪威政府全球养老基金持仓","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU0149534421.HKD":"SCHRODER ISF HONG KONG EQ \"A\" ACC","LU0287142896.SGD":"Fidelity China Focus A-SGD","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","BK1172":"赌场与赌博","LU0607220059.USD":"SCHRODER ISF HONG KONG EQUITY \"A\" (USD) ACC","BK1589":"北水核心资产","LU0140636845.USD":"施罗德大中华区股票A Acc","LU0417516571.SGD":"Allianz Oriental Income Cl AT Acc SGD","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A"},"translate_title":"里昂证券：澳门2月博彩收入超预期青睐银河娱乐和美高梅中国","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00027":1,"02282":1},"content_text":"CLSA released a research report stating that Macau's total gross gaming revenue in February increased by 4.5% year-on-year to MOP 20.6 billion, surpassing the market consensus which had been revised down to 1% growth. Although gaming revenue data from February 16 to 18 was relatively soft, the figures for the entire month indicated strong demand toward the end, with average daily gross gaming revenue reaching MOP 1.053 billion from February 23 to 28.\nThe report suggests that this points to a solid start for March, with expectations of a 9.7% year-on-year increase to MOP 21.6 billion, equivalent to an average daily gross gaming revenue of MOP 696 million. CLSA's forecast for March is 3% lower than the market consensus. The report also noted that Macau's gaming sector is currently trading at 10.1 times the projected 2026 enterprise value to EBITDA, with GALAXY ENT and MGM CHINA remaining the top picks in the industry.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}