Sources detailed that the move is expected to take place in November after both plans were suspended in due to concerns over the coronavirus pandemic.

Reports say an increase in visits to Macau will see the region’s related Q4 mass market gross game sales recover to 35% of pre-pandemic levels before hitting about 85% by the end of next year. In addition, the experienced financial expert reportedly explained that this would allow some of the region’s six casino operators to recover profitability through positive fourth-quarter earnings before interest, taxes, depreciation and amortization figures.

Reportedly, I read Mr. Kim’s statement…카지노사이트먹튀

“Most operators can positively convert earnings before interest, taxes, depreciation and amortization when total gaming revenue in the mass market hits about 30% to 35% of pre-pandemic levels, indicating that some companies may start making positive returns in the fourth quarter.”

However, Kim reportedly warned that such optimism may not apply to Macau casino giant SJM Holdings Limited, due to various new operating costs related to the company’s recently opened Grand Lisboa Palace facility. JPMorgan Chase & Company reportedly described the company’s financial situation as “somewhat worrisome” in April due to expected refinancing problems and some closures at many satellite casinos.

According to reports, Mr. Kim’s statement…

“With the exception of SJM Holdings Limited, we can achieve a free cash flow break-even at around 50% to 60% of the total return on games in the bulk market, as recouping operational costs at Galaxy Entertainment Group Limited and Grand Lisboa Palace and Satellite Casino, which can print positive free cash flows. So all but SJM Holdings Limited expect free cash flow to be positive by Q2 2023, so we won’t have to worry about ‘liquidity runways’ anymore.”

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