As of January 15, 2024, analysts are predicting a 6% increase in fourth-quarter EBITDA for the six Macau concessionaires. The top performers are expected to be SJM Holdings and Wynn Macau. Even though Sands China and Galaxy Entertainment are likely to experience market share losses, other operators are expected to benefit.

Wynn Macau and Melco Resorts & Entertainment have shown a shift towards premium mass players rather than focusing on VIPs. This could lead to greater resilience post-pandemic. Additionally, Citi analysts believe that SJM and Wynn Macau will see the largest EBITDA improvements in the fourth quarter.

Analysts at Citi are bullish on Macau casino stocks, as they have been heavily discounted and are showing potential for solid long-term growth. They have increased price targets on several stocks, indicating the potential for positive returns.



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