Maintaining Macau Gaming Revenue Forecasts as We Reduce Table Allocations for MGM China and SJM
We think 100 tables allocated upon opening, and 25 more in each of the next two years, will be a new normal for the two major casino openings for MGM Cotai and SJM’s Lisboa Palace. We have reduced our total new table allocation assumption from 250 tables to 150 tables for the upcoming projects for MGM China and SJM Holdings. Nevertheless, we affirm our Macau gaming revenue growth forecasts: negative 8% for the market, negative 16% for VIP, and negative 1% overall in 2016; 3% for the market, nega...
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