Praveen K. Choudhary
Positive 4Q for Macau casinos
Source:
macaubusiness.com Morgan Stanley's analyst Praveen K Choudhary is expecting Macau's casino industry to report EBITDA growth for the fourth quarter of 2011 of 55 percent year on year.
That represents a 12 percent increase quarter on quarter, he stated in an investors note released on Tuesday.
"We expect MGM China, Sands China and Galaxy to deliver double-digit growth in EBITDA on a quarter-on-quarter basis in the upcoming fourth quarter results," Choudhary wrote.