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<Research>UBS Expects MO Gaming EBITDA to Rise 10% YoY to USD2.1B in 1Q
Recommend 20 Positive 35 Negative 17 |
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Macau's GGR was flat QoQ and mounted 14% YoY in 1Q at USD8.14 billion, UBS said in its research report. The broker believed this was driven by a 1% QoQ and 13% YoY growth in Mass GGR, as well as a 6% QoQ decline but 23% YoY hike in VIP GGR. UBS estimated that the Mass share of SANDS CHINA LTD (01928.HK), WYNN MACAU (01128.HK) and Melco Resorts & Entertainment (MLCO.US) elevated QoQ in 1Q, while SJM HOLDINGS (00880.HK), MGM CHINA (02282.HK) and GALAXY ENT (00027.HK) recorded market share losses. In the absence of one-off opex headwinds in 1Q26 compared with 4Q25, paired with a shift toward the Mass segment, UBS expected Macau's gaming EBITDA to add 4% QoQ and 10% YoY in 1Q to USD2.1 billion. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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