bunyad domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/btcethereum/public_html/onlinegamblingdaily.com/wp-includes/functions.php on line 6114Macau’s gaming industry is expected to reach pre-Covid levels in the second quarter of 2023. <\/strong>According to investment bank Morgan Stanley<\/a><\/strong>, industry EBITDA would increase by 46% quarter-on-quarter, reaching $1.6 billion<\/strong>, equivalent to 70% of pre-pandemic levels. Meanwhile, free cash flow to equity is expected to approach 60% of 2019 levels.<\/p>\n According to analysts Praveen Choudhary, Gareth Leung, and Stephen Grambling, the industry’s second-quarter EBITDA result will be driven by a 29% quarter-on-quarter increase in industry-wide mass and slot GGR to $4.79 billion,<\/strong> with further positive momentum tipped for the second half of the year.<\/p>\n Morgan Stanley further noted that the recent recovery of the gaming industry had been helped by a series of high-profile concerts<\/strong> in recent months, which the firm expected to continue in the third quarter of the year. According to the research, Q2 visitation was only at 60% of 2019 levels<\/strong> and more than 5% of hotel rooms have been offline, “suggesting upside to 3Q and 4Q estimates.”<\/p>\n<\/p>\n The investment bank\u2019s latest report highlighted that spending per visitor in Macau is currently tracking 50% higher than pre-pandemic levels in 2019. <\/strong>Morgan Stanley analysts believe that the recovery of visitation to the city will provide even more upside potential for gaming revenue.<\/p>\n According to them, the potential recovery is anticipated to be propelled by a resurgence in package tours and an uptick in visitors<\/strong> from provinces that are further away from Macau. Furthermore, the anticipated enhancement in ferry and air travel capabilities is projected to contribute to the revival of the gaming industry.<\/strong><\/p>\n In the research, the investment bank forecasts<\/strong> mass revenue to reach 115% and 125% of 2019 levels in 2024 and 2025. <\/strong>In addition to the increase in revenue, <\/strong>industry valuation could receive a boost from deleveraging efforts. <\/strong>The firm estimates that the market value of the industry could increase by 50% with the help of deleveraging<\/strong>.<\/p>\n <\/strong><\/p>\n As mass gross gaming revenue EBITDA approach levels similar to those seen in 2019, market share is predicted to stabilize<\/strong>. Analysts anticipate notable improvements<\/strong> in the second quarter from Wynn Macau and Melco Resorts<\/a>.<\/strong> They explained that Wynn is likely to benefit from the refurbishment of its Wynn Macau property on the peninsula, while Melco will be supported by the opening of Studio City Phase 2’s indoor waterpark and EPIC tower, as well as its residency concert series.<\/p>\n On the other hand, Sands<\/a> and Galaxy<\/a> are expected to experience a decline in market share <\/strong>due to the negative impact of not having all hotel rooms fully operational. However, this issue is anticipated to be fully resolved by the third quarter.<\/strong><\/p>\n