Macau Casinos' Profit Set to Improve as Recovery Gains Pace -- Market Talk

Dow Jones

2025/10/06

0813 GMT - Macau casino operators' profitability, cash flow and dividend outlook are set to improve as gaming demand continues to recover, Morningstar analyst Jennifer Song says in a note, naming Sands China and Galaxy Entertainment as her top picks in the sector. Song says Sands China should benefit most due to its mass-market focus, large room inventory and strong record in nongaming activities. The company is projected to reaccelerate sales and margin growth from 2H. Meanwhile, Song says Galaxy Entertainment's product upgrades and sales team expansion, as well as the ramp-up of Galaxy Macau phase 3, should help drive profit and market-share growth. The launches of Londoner Phase 2 and Capella Galaxy this year should enhance Sands China and Galaxy Entertainment's long-term competitiveness, respectively, Song adds. (jason.chau@wsj.com)

(END) Dow Jones Newswires

October 06, 2025 04:13 ET (08:13 GMT)

应版权方要求，你需要登录查看该内容

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2573277376"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2573277376\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2573277376?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-10-06 16:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2573277376","market":"hk","top_or_hot":-1,"title":"Macau Casinos' Profit Set to Improve as Recovery Gains Pace -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0813 GMT - Macau casino operators' profitability, cash flow and dividend outlook are set to improve as gaming demand continues to recover, Morningstar analyst Jennifer Song says in a note, naming <a href=\"https://laohu8.com/S/SCHYF\">Sands China</a> and <a href=\"https://laohu8.com/S/GXYEF\">Galaxy Entertainment</a> as her top picks in the sector. Song says <a href=\"https://laohu8.com/S/SCHYY\">Sands China</a> should benefit most due to its mass-market focus, large room inventory and strong record in nongaming activities. The company is projected to reaccelerate sales and margin growth from 2H. Meanwhile, Song says <a href=\"https://laohu8.com/S/GXYYY\">Galaxy Entertainment</a>'s product upgrades and sales team expansion, as well as the ramp-up of Galaxy Macau phase 3, should help drive profit and market-share growth. The launches of Londoner Phase 2 and Capella Galaxy this year should enhance Sands China and Galaxy Entertainment's long-term competitiveness, respectively, Song adds. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 06, 2025 04:13 ET (08:13 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Macau Casinos' Profit Set to Improve as Recovery Gains Pace -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMacau Casinos' Profit Set to Improve as Recovery Gains Pace -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-10-06 16:13</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0813 GMT - Macau casino operators' profitability, cash flow and dividend outlook are set to improve as gaming demand continues to recover, Morningstar analyst Jennifer Song says in a note, naming <a href=\"https://laohu8.com/S/SCHYF\">Sands China</a> and <a href=\"https://laohu8.com/S/GXYEF\">Galaxy Entertainment</a> as her top picks in the sector. Song says <a href=\"https://laohu8.com/S/SCHYY\">Sands China</a> should benefit most due to its mass-market focus, large room inventory and strong record in nongaming activities. The company is projected to reaccelerate sales and margin growth from 2H. Meanwhile, Song says <a href=\"https://laohu8.com/S/GXYYY\">Galaxy Entertainment</a>'s product upgrades and sales team expansion, as well as the ramp-up of Galaxy Macau phase 3, should help drive profit and market-share growth. The launches of Londoner Phase 2 and Capella Galaxy this year should enhance Sands China and Galaxy Entertainment's long-term competitiveness, respectively, Song adds. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 06, 2025 04:13 ET (08:13 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SCHYY","symbol_name":"金沙中国有限公司ADR","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2573277376","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2573277376","pubTimestamp":1759738380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0813 GMT - Macau casino operators' profitability, cash flow and dividend outlook are set to improve as gaming demand continues to recover, Morningstar analyst Jennifer Song says in a note, naming Sands China and Galaxy Entertainment as her top picks in the sector. Song says Sands China should benefit most due to its mass-market focus, large room inventory and strong record in nongaming activities. The company is projected to reaccelerate sales and margin growth from 2H. Meanwhile, Song says Galaxy Entertainment's product upgrades and sales team expansion, as well as the ramp-up of Galaxy Macau phase 3, should help drive profit and market-share growth. The launches of Londoner Phase 2 and Capella Galaxy this year should enhance Sands China and Galaxy Entertainment's long-term competitiveness, respectively, Song adds. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SCHYY":"金沙中国有限公司ADR","BK1172":"赌场与赌博","LU0702159699.USD":"FIDELITY ASIAN SMALLER COMPANIES \"A\" (USD) ACC","LU0348783233.USD":"安联东方收入型 CI A Dis美元","LU1211504680.USD":"ALLIANZ HIGH DIVIDEND ASIA PACIFIC EQUITY \"AM\" (USD) INC","BK1610":"ETF&股票定投概念","LU1166156734.SGD":"Fidelity Asian Smaller Companies A-ACC-SGD","LU0348784397.USD":"ALLIANZ ORIENTAL INCOME \"A\" (USD) ACC","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","00027":"银河娱乐","LU0149534421.HKD":"SCHRODER ISF HONG KONG EQ \"A\" ACC","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU0287142896.SGD":"Fidelity China Focus A-SGD","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0607220059.USD":"SCHRODER ISF HONG KONG EQUITY \"A\" (USD) ACC","LU0228367735.SGD":"Eastspring Investments - Asian Equity Fund AS SGD","LU0140636845.USD":"施罗德大中华区股票A Acc","LU0417516571.SGD":"Allianz Oriental Income Cl AT Acc SGD","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU0251144936.SGD":"Fidelity Sustainable Asia Equity A-SGD","LU0048597586.USD":"富达亚洲焦点A","LU0315179316.USD":"EASTSPRING INVESTMENTS ASIAN DYNAMIC \"A\" (USD) ACC","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","BK1521":"挪威政府全球养老基金持仓","BK4150":"赌场与赌博","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","LU0737861699.HKD":"FIDELITY CHINA FOCUS \"A \" (HKD) ACC","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU0173614495.USD":"富达中国焦点A","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","LU1224709979.USD":"FIDELITY CHINA FOCUS \"A\" (USD) ACC","01928":"金沙中国有限公司","LU0594300419.USD":"富达中国消费基金A","BK1589":"北水核心资产","LU0650527681.SGD":"Fidelity China Consumer A-SGD","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H"},"translate_title":"随着复苏步伐加快，澳门赌场利润将有所改善——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00027":0.9,"SCHYY":0.9,"01928":0.9},"content_text":"0813 GMT - Macau casino operators' profitability, cash flow and dividend outlook are set to improve as gaming demand continues to recover, Morningstar analyst Jennifer Song says in a note, naming Sands China and Galaxy Entertainment as her top picks in the sector. Song says Sands China should benefit most due to its mass-market focus, large room inventory and strong record in nongaming activities. The company is projected to reaccelerate sales and margin growth from 2H. Meanwhile, Song says Galaxy Entertainment's product upgrades and sales team expansion, as well as the ramp-up of Galaxy Macau phase 3, should help drive profit and market-share growth. The launches of Londoner Phase 2 and Capella Galaxy this year should enhance Sands China and Galaxy Entertainment's long-term competitiveness, respectively, Song adds. (jason.chau@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 06, 2025 04:13 ET (08:13 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}