Halister News

(Bloomberg) -- Macau’s casino regulator plans to report May gross gaming revenue data between June 1 and June 3, according to Gaming Inspection & Coordination Bureau website. ESTIMATES

• May gross gaming revenue median estimate +16.5% y/y to 21.42 billion patacas ($2.67 billion), according to 9 analysts surveyed by Bloomberg News
  • Estimate range +14% to 25%
• NOTE: Monthly GGR +16.3% in April, gaining for 9th straight month

WHAT TO WATCH

• Bernstein (Vitaly Umansky): Dragon boat festival holidays may help with gross gaming revenue strength into the end of May
• JPMorgan (DS Kim): New measures to check identities of Chinese UnionPay ATM cardholders before they can withdraw cash in Macau will probably remind many investors of how vulnerable the gaming sector is to regulatory issues
• Wells Fargo (Cameron McKnight): VIP growth could stall once the effect of last year’s economic stimulus and Chinese housing bubble wear off

BLOOMBERG DATA

• Melco Resorts is highest-rated among casino operators listed in BI Macau (China) Gaming Market Index, according to Bloomberg consensus analyst ratings
  • SJM Holdings is lowest rated
• 6-member index +21% YTD
  • Wynn Macau +39%, Melco Resorts +38%, Galaxy Entertainment +30%, SJM Holdings +22%, Sands China +5.6%, MGM China +5.5%

RELATED STORIES

• May 17: Macau Gaming Regulator Paulo Chan Cautious on Recovery
• May 16: China Wants More Regulation, Transparency in Macau Gaming: Lui
• May 8: China’s State Leader Zhang Says Macau Faces Challenges
• May 8: Macau Introduces New ATM Rules to Deter Chinese Money Laundering
• May 2: Melco’s Billionaire Ho Sees Macau Gaming Returning to Peak

To contact the reporters on this story: Lisa Pham in Hong Kong at lpham14@bloomberg.net; Daniela Wei in Hong Kong at jwei74@bloomberg.net To contact the editors responsible for this story: Divya Balji at dbalji1@bloomberg.net Jonathan Annells