Las Vegas Sands Stands Out in the Casino Sector With Sustainability Index Inclusion

Seeking AlphaDec 23 13:27 ET

【Hong Kong Stock Connect】Sands China (01928): Macau is transforming into a Sports Entertainment capital, and will host the NBA preseason at the Venetian Macao in 2025.

Jinwu Finance | The CEO and President of Sands China (01928), Zheng Junluo, stated that Macau is gradually shifting its focus from Gambling to Sports and Entertainment, aiming to become a Global destination for hosting events, and transforming into a "Sports Capital" and "Entertainment City." He also indicated that Macau's Gambling revenue has recovered to about 80% of the 2019 level, with the number of visitors returning to pre-pandemic figures in August and October. At the beginning of December, Sands China reached an agreement with the USA's National Basketball Association (NBA) to hold two NBA preseason games in Macau each year for the next five years. He pointed out that the company's goal is not to host.

King Wu Financial News.Dec 23 03:46 ET

[Brokerage Focus] CITIC SEC expects that under the all-round stimulus of domestic demand policies, the Macau Gambling Sector is likely to further improve in terms of prosperity.

Jingwu Financial News | CITIC SEC stated that the December Politburo meeting has lifted the direction for Consumer recovery, considering that the core momentum for high-end Commodity/Service consumption among consumers in China comes more from the wealth effect. Therefore, based on the assumption that Real Estate is gradually stabilizing after a decline, the firm expects that the consumption growth rate in first-tier cities will rebound first. In a horizontal comparison, the firm is Bullish on Macau, as it celebrates the 25th anniversary of its return, where Gambling as a 'cyclical + high-end consumption' category may become a leading Indicator for domestic demand recovery. From an Industry perspective, GGR data for January to November 2024 is expected to recover to 77% of the same period in 2019.

Jingwu Financial NewsDec 19 21:11 ET

[Brokerage Focus] Morgan Stanley: It is expected that total Gambling revenue in Macau will increase by 5% year-on-year in 2025, reaching 238 billion Macau dollars.

Jinwu Financial News | Morgan Stanley's recent Research Reports indicate that the Macau gambling industry is expected to achieve slight but stable growth by 2025. The report estimates that the total gambling revenue (GGR) in Macau will reach 238 billion patacas in 2025, a year-on-year increase of 5%, while the earnings before interest, taxes, depreciation, and amortization (EBITDA) is projected to reach 8 billion dollars, a year-on-year increase of 6%. Although market expectations for the gambling industry are relatively cautious, Morgan Stanley believes that as various gambling companies increase investments in non-gambling sectors and improve service quality, market share and profitability are expected to further enhance. Morgan Stanley believes that although the growth rate is relatively mild.

King Wu Financial NewsDec 18 23:18 ET

Individual Investors Own 17% of Sands China Ltd. (HKG:1928) Shares but Public Companies Control 71% of the Company

Simply Wall StDec 17 19:50 ET

According to JPMorgan, Macau Casino stocks lack positive catalysts in the short term, with GALAXY ENT (00027) being the top choice.

J.P. Morgan's recommended order is GALAXY ENT (00027), followed by WYNN MACAU (01128), SANDS CHINA (01928), and MGM CHINA (02282), then SJM HOLDINGS (00880), and lastly MELCO INT'L DEV (00200).

Zhitong FinanceDec 17 03:26 ET