Inside Asian Gaming

IAG APR 2023年4月 亞博匯 30 In a late February note, Morgan Stanley analysts Praveen Choudhary, Gareth Leung and Stephen Grambling lifted their Macau GGR estimates for 2023 by 42% to US$22 billion. 摩 根 士 丹 利 分 析 師 P r a v e e n Choud-hary、Gareth Leung和Stephen Gram-bling在2月下旬出具的一份報告 中， 將對澳門2023年全年博彩總收入的 預測上調了42%至220億美元。 COVER STORY “My prediction is that within two or three years we will return to the 2019 EBITDA level of US$9.5 billion, easily. By the end of 2025 or 2026 we will hit that target simply because there is so much more capacity to make up for the loss of the junkets. Now, in terms of GGR it will take until the end of the decade [to reach 2019 levels] if we ever reach that number (US$36.5 billion] again, but either way it’s going to take quite some time. It’s a big hole to fill, that loss of junkets.” Reopening aside, there are other reasons for Macau’s faster than anticipated recovery – most notably a substantial increase in high-end hotel room capacity. According to Morgan Stanley, there were 26,313 hotel rooms in Macau’s integrated resorts in 2019, but that number is on the rise and by next year will have increased by 16% to 30,497. Including all hotels in the city, the number of rooms will have risen from 37,367 in 4Q19 to an estimated 41,659 by 4Q23. Among the notable additions are almost 2,000 rooms at SJM’s Cotai IR Grand Lisboa Palace – which held a soft opening in 2021 and plans a Grand Opening of remaining facilities later this year. Galaxy Macau Phase 2 will bring another 1,100 rooms to market, while Studio City Phase 2