Tag Archives: Financial forecast
Europe – Europe to be down 13 per cent on 2019’s gambling revenues next year
Europe’s total gambling market revenue will increase by 7.5 per cent in 2021, driven by 19 per cent growth in the online market. But total gambling market revenue is down by 13 per cent compared to 2019, as the Covid-19 pandemic continues to restrict land-based gambling activity. Europe’s total gambling revenue will increase to €87.2bn…
US – Everi tightens full year 2021 net income and adjusted EBITDA guidance to top of the range
At its investor and analyst presentation in conjunction with the 2021 Global Gaming Expo, Everi Holdings said it now expects that 2021 full year net income will be $90m to $95mand Adjusted EBITDA will be $337m to $342m. Everi had previously expected 2021 full year net income of $87m to $95m and Adjusted EBITDA of…
China – Analysts pitch Macau’s return to form following IVS relaunch in Zhuhai
Analysts are describing the relaunch of the Individual Visit Scheme (IVS) for residents from Zhuhai to enter Macau as the most important ‘baby step’ yet for the region’s rebound with the hope being that visas for the rest of mainland China could be being issued in time for Macau’s Golden Week in October. Vitaly Umansky,…
China – Macau braced for its ‘worst quarter ever’ with EBITDA losses of more than US$1bn
Macau’s casino sector is bracing itself for its ‘worst quarter ever’ for the three months to June 30 with Morgan Stanley expecting quarterly EBITDA losses of more than US$1bn. Morgan Stanley’s Praveen Choudhary and Gareth Leung believe EBITDA losses will come in at around US$1.04bn between the six licence holders with Sands China hit by…
China – Macau’s casino operators have ‘at least six months of breathing room’
With estimates that revenue from Macau’s casinos could be close to zero, analysts at Sanford Bernstein have said the six licence holders have ‘at least six months of breathing room’ before they would have to look at additional debt financing. Sanford Bernstein analysts Vitaly Umansky, Eunice Lee and Kelsey Zhu said: “While there are no…
China – Casinos reopening won’t be enough to save Macau’s first quarter
Analysts at Sanford Bernstein don’t believe the reopening of Macau’s casinos following the spread of the Coronavirus will be enough to save first quarter revenues from plummeting to year-on-year declines of up to 60 per cent. Bernstein’s Vitaly Umansky, Eunice Lee and Kelsey Zhu warned: “Even with the casinos reopening, there will still be a…
World – Global online games revenue to reach $17.8bn by 2024
According to GoldenCasinoNews.com research, this segment of the gaming industry is expected to grow at a CAGR of one per cent and reach $17.8bn profit by 2024. Online Games segment refers to multiplayer internet gaming, as well as casual and social gaming that can be played directly in the net browser or via applications that…
Japan – Fitch says Japan’s IRs are far from ‘slam dunks’ but increases revenue forecasts
Ratings agency Fitch believes that Japan’s first three integrated resorts will generate GGR of over US$10bn, matching revenues generated by Las Vegas Sands’ Marina Bay Sands in Singapore. Fitch has previously pitched its GGR prediction at US$7bn per IR per year. It warned however that the limit of ten years on the licences before they…
China – First quarter revenues could fall in Macau
Despite December being Macau’s 29th straight month of casino revenue increases, analysts are forecasting a dip in the first few months of 2019. Morgan Stanley is predicting that GGR will fall by two per cent in the first quarter. Morgan Stanley analysts Praveen Choudhary, Jeremy An and Thomas Allen, said: “The negative revisions mean more…
