The six Macau concessionaires are likely to post collective EBITDA losses in the range of US$1 billion for the quarter ending June 30, according to a survey of analysts’ estimates conducted by Bloomberg.
While these losses are expected to touch all of the operators, SJM Holdings and MGM China are expected to be hardest hit.
Bloomberg notes that prospects are improving now that Guangdong has lifted its quarantine requirements on travelers returning from Macau.
As noted elsewhere in this report, Morgan Stanley projects that EBITDA will break even in Q3.
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