Macau industry EBITDA growth is expected to slow in the third and fourth quarter of 2017, with concerns of slowing mass growth, risks of premium mass and a macro slowdown in China, according to Morgan Stanley analysts.
“We expect YoY growth in Macau industry EBITDA to slow down from 28 percent in 17Q2 to 16 percent in 17Q3… Without any new casino opening in 17Q4, the growth rate could slow further,” said the brokerage.
The analysts says they see Wynn Macau as likely to post the highest EBITDA growth, driven by performance at Wynn Palace, while Sands China and Galaxy will see growth similar to that of the market.
MGM is expected to see a loss of mass market share, especially in the premium segment, it added.
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