Morgan Stanley: Melco and MGM China Most Likely Macau Operators to Outperform 2025 EBITDA Estimates

House of Dancing Water and de-leveraging potential position Melco to outperform: MS

Melco’s House of Dancing Water relaunch, Studio City ramp-up, and balance sheet strength drive bullish outlook from Morgan Stanley. The post House of Dancing Water and de-leveraging potential position Melco to outperform: MS first appeared on Asia Gaming News | AGB - Asia Gaming Brief.

Morgan Stanley: Melco and MGM China most likely Macau operators to outperform 2025 EBITDA estimates

An analysis of the 2025 EBITDA forecasts of Macau’s six concessionaires, compared with the realistic growth drivers that can get them there, has found that Melco Resorts & Entertainment and MGM China are the most likely to outperform expectations. The study by investment bank Morgan Stanley was conducted on the basis of comparing those with the lowest growth expectation against ones with higher growth expectations. Analyst Praveen Choudhary sta…