Skip to Content

Tag Archives: Financial forecast

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…

US – Casino management systems to hit US$11,726.7m by 2025

The global casino management system market size is expected to reach US$11,726.7m by 2025, according to a new study by Grand View Research, progressing at a CAGR (compound annual growth rate) of 14.8 per cent during the forecast period. Growing demand for these establishments and increasing social acceptance are expected to emerge as crucial factors…