Macau casino margins poised for decade of expansion: Morningstar
Macau casino margins poised for decade of expansion: Morningstar Summary Morningstar forecasts a meaningful expansion in Macau casino profitability over the next decade, with industry-adjusted EBITDA-to-GGR margins rising from 27.6% in 2024 to 33.7% by 2034. The firm expects adjusted EBITDA to grow at a 6.2% CAGR to 2034, outpacing GGR growth of 4.2% CAGR. […]