That's a green light for the Macau growth story


Citi Research expects Macau gaming revenue to rise 22% this year after bringing in $8.36B over the first two months of the year. For comparison, the Las Vegas Strip brought in about $6.4B for all of last year.

The Macau story is playing out to expectations as demand stays strong from the China Mainland for a tight supply of casinos located in the region.

Macau-related stocks: MPEL, MGM, WYNN, LVS, GXYEF, SJMHF.

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Comments (2)
  • jensan96
    , contributor
    Comments (299) | Send Message
     
    Based on this projection from CITI on MACAU GGR, and LVS growth of Market Share to 25%, the revenue alone from Macau GGR will equal the Revenue that LVS made in 2013 in total, $13.77 Billion dollars.

     

    Ceteris Paribus, of all other numbers without any growth, the total Revenue for LVS including Hotel, Mall, Singapore and Las Vegas will be between 18.5 and 19.5 Billion dollars, with a projected EBITDA of 6.5 billion dollars and a net income of 3.25 Billion for 2014, over $4.00 per share after the share repurchase by LVS.

     

    This reduces the Debt /Ebitda
    13 Mar 2014, 10:16 AM Reply Like
  • Coltgunsil
    , contributor
    Comments (87) | Send Message
     
    All the above is true, and yet people continue to give these companies (Wynn, LVS, MPEL) no respect and short the stocks. There are 1.6 billion people in China. Gambling is a large part of the culture. State owned enterprises may or may not see a slowdown, but the Chinese middle class is growing rapidly, consumer spending is at an all time high, travel is no longer restricted. The toothpaste is out of the tube. These companies will continue to post great revenue....even though "the street" treats them like Rodney Dangerfield.
    13 Mar 2014, 12:00 PM Reply Like
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