Analysts with the financial group believe that slower VIP traffic is going to make it more difficult for Macau to see big improvements this year.
Morgan Stanley Research believes DraftKings will do just fine, despite a new IRS memo which seeks to tax them at a higher rate.
MGM Resorts International saw its stock price drop yesterday following an announcement by Morgan Stanley that it was downgrading the company.
The drop in gross gaming revenue (GGR) in Macau is nothing more than a temporary glitch that doesn’t have local authorities concerned.
Improved U.S.-China relations should improve valuations of Macau gaming operators, according to Morgan Stanley.
Morgan Stanley analysts forecast Macau casino property EBITDA will fall by as much 6 percent during the April to June 2018 period.
Macau may have found its footing this month after tripping on a lower gross gaming revenue (GGR) in May, according to the latest Morgan Stanley note.
VizExplorer today announced that it has closed a strategic investment round by Morgan Stanley Expansion Capital.
The bulls came charging at Macau casino stocks after Morgan Stanley painted a rosy picture of the former Portuguese enclave’s gambling industry.
International brokerage Morgan Stanley said in its note on Thursday that the Philippine casino GGR will get a boost from newcomer Okada Manila.