Morgan Stanley, a global brokerage firm, has announced that the total debt of six licensed casino operators in Macau is believed to have reached $6 billion as the coronavirus continues to wreak havoc. I'm here.
The New York-based financial services giant will also start appearing soon, with third-quarter financial reports totaling about $3 million over three months of interest, taxes, according to a report from Inside Asian Gaming. , should show six sets that hold aggregated earnings before depreciation and amortization.This latest piece of bad news details that the most prominent consequence of the lingering effects of the coronavirus pandemic will be China's continued adherence to a stringent set of travel restrictions.
timeless masterpiece
Morgan Stanley analysts Gareth Leung and Praveen Chaudhary reveal that Macau's six casino operators need to raise debt to at least $3 billion in this staggering third-quarter tally. It is reported thatThe figures are about 6% worse than the roughly $240 billion in delinquencies that companies collectively had in the months before the coronavirus pandemic hit, the two said.
unpredictable situation
Macau has MGM China Holdings Limited, Galaxy Entertainment Group Limited, Melco Resorts and Entertainment Limited, SJM Holdings Limited and approximately 40 local companies operating under the umbrella of Las Vegas Sands Corporation and Wynn Resorts Limited, respectively, Sands China Limited and Wynn Macau Limited. There are 6 casinos. Morgan Stanley's latest news comes reportedly less than five months after the same organization predicted that the six companies would likely end up holding around $2022 billion in total delinquencies in 250. .
immediate inadequacy
Morgan Stanley has reportedly revealed that it expects Macau to post around $3 million in gross gaming revenue in the third quarter, down around 6% from the previous quarter. Meaning, public revenues accounted for about 8000% of this total.Such a finishing tally is further said to represent a decline of about 35% when compared to the $82 billion tally the sector recorded in the same three months of 2019 before the pandemic.
sparse accuracy
Still, the Morgan Stanley duo have decided that the enclave is close to offering package tours and local deals after lengthy talks with the Chinese central government, Macau chief executive Ho Iat Sen recently revealed. It reportedly highlighted several optimistic developments, including its intention to revive the eVisa scheme.
Reading Leung and Choudhary's statements
「10月のゴールデンウィークは、コロナウイルス対策が強化されたにもかかわらず、5月の休暇期間とほぼ同じであり、1日のゲーム収入は2500万ドルで、5月とほぼ同じであったことは喜ばしい。10月のグロスゲーミング収入は控えめになる可能性があるが、11月からeVisaやパッケージツアーが徐々に再開されると予想しており、これにより第4四半期の金利・税金・減価償却前利益は2019年の8%に達する可能性がある。」
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