MCHVF News and Press, Mgm China Holdings Ord From 12/01/21

Macau casino gross gaming revenue was up 0.01% in November on a year-over-year comparison to 6.75B patacas ($834M) vs. +2% consensus estimate. On a sequential basis GGR was up 55% during the month, but was 70% lower than the pre-pandemic level in 2019. Macau GGR is up 49.9% for the first elev...

JPMorgan forecasts 2022 gross gaming revenue in Macau will be just over 50% of the pre-pandemic level seen in 2019 off a 70% recovery in mass and a 24% recovery in VIP. That is a slight lift to the previous outlook. Jefferies is also incrementally positive on the Macau outlook. Analyst David ...

Macau casino gross gaming revenue fell by 40.0% in October on a year-over-year comparison to 4.37B patacas ($545M) vs. -42% consensus estimate. On a sequential basis GGR was down 25.8% during the month. A new COVID-19 alert at the beginning of the month impacted tourism negatively during what...

Today is a key date for the Macau sector with a couple of incremental steps taking place in the slow return to normal tourism, updates Jefferies analyst David Katz. Several entertainment venues are reopening after being closed since October 6 and Zhuhai will relax its policy to requiring a ne...

The Macau casino sector continues to slump as COVID restrictions hold back traffic. The first two days of the Golden Week holiday saw just 3,122 visitors, which is significantly lower than the 22,116 who arrived for the same period last year and is less than 1% of the 2019 traffic level, acco...

Jefferies warns on more troubles for the Macau sector in the near term as COVID restrictions remain ahead of a key holiday period. Analyst David Katz and team believe the upcoming Golden Week holidays is likely to disappoint similar to the Chinese New Year due to the potential for new travel ...

Another week, another sector came under the scrutiny of the Chinese government, helping to divert market players from the internet stocks. There are silver linings from the Macau casino regulatory scrutiny that could benefit the Chinese internet sector. Baidu announced several pos...

There are bumps in the road for a recovery in Macau after a new COVID outbreak in the Fujian province of 22 new cases linked to a single traveler. That development has raised concerns of tightening in other areas. Jefferies warns that the improving Macau gross gaming revenue trend in the late...

The Macau casino sector is looking for a second day of gains on some incrementally good news on traffic trends for the first week of September. A new travel program in Hong Kong that will allow more Mainland visitors is also raising optimism levels. Also in the mix, Bernstein analyst Vitaly U...

Macau gross gaming revenue rose 234% year-over-year in August to 4.44B patacas ($550M) to top the consensus expectation for growth of 176%. The GGR tally for the month was down 47.4% from the level in July as some tightened travel and border restrictions at the beginning of the month factored...