Scientific Game

MGM Cotai likely to receive 150 new tables: analysts

Friday, 12 January 2018 05:45
Share
Visit us

MGM China’s new Macau integrated resort, MGM Cotai, is likely to be granted 150 new-to-market gaming tables ahead of its 29 January launch, according to analysts, although the exact make-up of the allocation remains to be seen.

The figure, if accurate, would see MGM Cotai receive the same number of tables as both Wynn Palace, which opened in August 2016, and Parisian Macao which launched a month later in September 2016.

Contacted by Inside Asian Gaming this week, Union Gaming’s Head of Asia Equity Research, Grant Govertsen, said, “I think the baseline expectation is for 150 tables, identical to what was granted to Wynn Palace and Parisian.

“Anything greater than 150 would represent a pleasant surprise.”

Morgan Stanley’s Praveen Choudhary agreed, stating, “Wynn and Parisian got 100 + 25+ 25 so one should expect MGM to get the same. 125 is a good outcome on the first day … we have 125 for 2018 in our model.”

Both Wynn Palace and Parisian Macao opened with 100 new tables in late 2017 with another 25 granted on 1 January 2017 and 25 more on 1 January 2018.

Whether or not MGM Cotai receives 125 straight up or fewer remains to be seen.

Deutsche Bank analysts this week also tipped Macau’s newest IR to be granted 150 new tables but added the number isn’t hugely important “given the ability to shift capacity from the Peninsula and investor comfort that table utilization remains low.”

Galaxy Macau received 150 new tables when it launched Phase 2 in 2015 with another 100 allotted in two later batches, while Melco Resorts’ Studio City was granted 200 new tables that same year with 50 more in 2016.

 

 

 

What's new

Two men arrested for theft of HK$48 million of Wynn Macau gaming chips

Two men arrested for theft of HK$48 million of Wynn Macau gaming chips Two men alleged to be involved in the theft of HK$48 million worth of casino chips from a VIP room at Wynn Macau last week have been arrested. Macau’s Judiciary Police revealed on Friday that they had taken two men into custody including the 49-year-old Wynn casino dealer, identified only as Lei,... Sunday, 21 January 2018 10:49

TGG signs deal with two Cambodian casinos

TGG signs deal with two Cambodian casinos TGG Takara Gaming Group, the world’s first open-source gaming platform, has announced that it is entering the Southeast Asia Market with two leading local casino groups in Southeast Asia – Golden Crown and Superrich the Best Casino. TGG is an open-source casino gaming platform bringing globa... Friday, 19 January 2018 07:06

Asian casino investor Amax to explore blockchain technology and cryptocurrency

Asian casino investor Amax to explore blockchain technology and cryptocurrency Hong Kong-listed casino investor Amax International Holdings Ltd has announced plans to establish a blockchain technology arm in an effort to “diversify its business operations, broaden its income sources and explore investment and or development opportunities.” In a filing to the Hong Kong Sto... Friday, 19 January 2018 07:01

Macau casino kingpins on the rise in Forbes 2018 Hong Kong Rich List

Macau casino kingpins on the rise in Forbes 2018 Hong Kong Rich List Galaxy Entertainment Group Chairman Lui Che Woo, Melco Resorts Chairman and CEO Lawrence Ho and MGM China Co-Chairperson and Executive Director Pansy Ho are among several Macau casino powerbrokers to see their stocks rise in 2017 according to this year’s Forbes’ Hong Kong Rich List Lui was the ... Friday, 19 January 2018 06:36

Current Issue

VIDEO: Inside Asian Gaming to host Asian Gaming Power 50 Gala Dinner

VIDEO: Inside Asian Gaming to host Asian Gaming Power 50 Gala Dinner Inside Asian Gaming will host the inaugural Asian Gaming Power 50 Gala Dinner on 23 November 2018. Friday, 12 January 2018 06:47

ENTER THE DRAGON2

ENTER THE DRAGON2 NagaWorld’s expansion lifts the Mekong region’s largest integrated resort and Phnom Penh into the top tier of regional destinations, with an increasing focus on Chinese tourists. By Muhammad Cohen | Editor at large in Phnom Penh   When I first visited NagaWorld six years ago, the casino hot... Friday, 29 December 2017 03:00

Strength in numbers

Strength in numbers Macau’s VIP segment has been historically volatile, but has surprised with the sheer strength of its resurgence in 2017. What can we expect from VIP in 2018? By Ben Blaschke   If the jury was out on the sustainability of Macau VIP’s resurgence for much of 2017, it’s not anymore. Having cop... Friday, 29 December 2017 02:54

Data driven

Data driven From the traditional betting habits of Europe to the expanses of Asia, data analytics firm BettorLogic is showing how the correct use of data can provide benefits to sportsbook operators and customers alike. By Ben Blaschke   One of the enormous challenges facing sportsbook operators today is st... Friday, 29 December 2017 02:46