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)

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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: 12.5px; color: #7E829C; margin: 0;}\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<h4 class=\"meta\">\n<div class=\"head\" \">\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 smaller\">2025-10-06 16:13</p>\n</div>\n</div>\n</h4>\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</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1051768304.USD","symbol_name":"貝萊德新興市場股票收益A6","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. 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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"}}}