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.

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