Tag Archives: Financial forecast
China – Wynn Palace GGR could surpass US$4bn by 2020
Revenues at Wynn Palace, Wynn Resorts latest Macau casino on Cotai, could reach US$4bn a year by 2020, according to Forbes. In its first two full quarters of operations, Wynn Palace generated almost US$500m in GGR and US$100m in EBITDA per quarter. Wynn Palace cost $4.4bn to build and has a capacity of 500 tables,…
China – Fitch pitches Macau growth at 12 per cent in 2017
Fitch Ratings believes that Macau’s gaming market will grow by 12 per cent in 2017. Year-to-date growth through March has been 13 per cent, with February growing 18 per cent on a year-over-year (YoY) basis. Fitch’s 2017 forecast assumes low single-digit range month-over-month sequential growth for the balance of the year compared to four per…
South Korea – Kangwon Land to feel affects of political uncertainty
Morgan Stanley has downgraded its outlook on South Korea’s Kangwon Land casino following political uncertainty that resulted in President Park Geun-Hye being arrested. The analyst said that Kangwon Land’s revenues have fallen to ‘2014 levels.’ Morgan Stanley analyst Jay Lee said: “We are now at levels seen in 2014, with annual sales/net profit 17 per…
Japan – Fitch lowers estimated revenues for Japan’s casino industry to $5bn to $10bn
Fitch Ratings has revalued its predicted annual gaming revenue in Japan, forecasting that it will range between $5bn to $10bn per year, falling far short of earlier predictions from CLSA that it will generate revenues of $20bn a year. As a yard stick, Macau’s casino sector is being tipped to generate $25bn in 2017. Fitch…
US – North American esports to generate revenues of $607m by 2020
The coming year will see the Esports Economy grow to $696m, a year-on-year growth of 41.3 per cent, according to the latest report from Newzoo, a global leader in esports, games, and mobile intelligence. North America is the largest esports market, with revenues of $257min 2017. This will more than double to reach $607m by…
Philippines – Nomura tips growth for City of Dreams Manila
Japan-based credit analyst Nomura is expecting good things from City of Dreams Manila when it reports its fourth quarter results for 2016 due to resilient junket and VIP demand. Nomura Analysts Harry Curtis, Daniel Adam and Brian Dobson all predicted that the overall demand in the Manila gaming market ‘may continue to increase more than…
Canada – Amaya predicts that 2016 was a record year
Amaya, owner of online poker brand PokerStars, has predicted that its 2016 results will be at the high end of the previous range and between $1,153 and $1,158m, as compared to the previous range of between $1,137 and $1,157m. It believes adjusted EBITDA will be above the previous range and between $521 and $526m, as…
Israel – Eilat casinos could generate US$0.5bn
Research carried out by the Israeli Finance Ministry and the Tourism Ministry in December predicts the envisaged casino sector capable of generating annual revenue of US$336m. It believes though that after several years of operation that figure will reach US$0.5bn. Tourism Minister Yariv Levin’s wants the government to approved a strip with four casinos, which…
US – Technavio sees US casinos hitting US$93bn by 2020
Technavio’s latest market research report predicts the casino gaming market in the US will reach revenues worth US$93bn by 2020, posting a moderate growth rate over the next four years. In this report, Technavio covers the present scenario and growth prospects of the casino gaming market in the US for 2016 to 2020. This market…
