Bernstein Research

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research has always been Bernstein’s calling card. The brand is defined by our renowned Blackbooks, known for their unbiased, in-depth company and industry forecasts. We have a community of Research Analysts who are acknowledged thought leaders that typically have many years of experience in the industries they cover.

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    Macau weekly GGR in line: Oct to grow 4-7 pct

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Typhoon Mangkhut dampened otherwise strong Sept GGR

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Investors appetite down as GGR decelerates

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    VIP GGR to benefit from room openings: Bernstein

    Macau’s overall gross gambling revenue is likely to rise about 3 percent to 4 percent in September after disruptions caused by Typhoon Mangkhut, though VIP revenue in the coming week may get a boost from new room openings, Bernstein Research says.

    Near term headwinds to limit investor appetite: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau GGR on track for 15-17 percent growth in August

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    July GGR up 10.3 percent year-on-year

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    July GGR on track for 11-13 percent growth: Bernstein

    Macau’s gross gaming revenue is on track for growth of between 11 percent and 13 percent in July, according to analysts at Bernstein Research.

    GGR to decelerate late 2018, investors wary

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    July GGR headed for 10-12 percent YoY increase

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    UnionPay crackdown has minimal impact amidst illegal use

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Morpheus opening and Dragon Boat weekend boosts June GGR

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    June GGR tracking for 16-18 percent growth: Bernstein

    Gross gambling revenue is tracking to growth between 16 percent and 18 percent in June if the currently daily rate is maintained throughout the month, Bernstein Research says.

    Regulatory risks on the rise: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Removal of UnionPay devices sparks capital outflow concern

    Macau authorities, in conjunction with Chinese banks, have been removing China UnionPay point of sale terminals from pawn shops operating in casinos, creating jitters the move may herald a broader attempt to control capital outflows.
    SJM Lisboa

    Macau May GGR rose lower-than-expected 12.1 percent

    Macau’s gross gaming revenue rose 12.1 percent in May, below analysts’ forecasts, with June expected to record a further slowdown as players are distracted by the FIFA World Cup tournament in Russia.

    China spending index flat in Q1, Macau to face H2 comparison headwinds

    An index tracking high-end spending in China was flat in Q1 compared with the prior quarter, with the overall number of macro and industry indicators growing positively roughly unchanged, according to Bernstein Research.

    May GGR on track for 16-17 percent gain: Bernstein

    Gross gambling revenue in Macau is on track to gain between 16 to 17 percent from the same month last year, according to estimates from Bernstein Research.

    Sands, Melco, Galaxy to benefit most from rise of premium market

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Gongbei crackdown lowers May GGR forecast

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Bernstein revises 2018 GGR growth forecast after strong 18Q1

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    May first week GGR benefits from Labor Day demand

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Premium consumer class to double by 2025: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Hainan liberalization no threat to Macau for now

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau April GGR seen up 17 – 21 percent: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    March GGR increases 22.2 percent, above expectations

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    March GGR trending lower than expected: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Bernstein revises 2018 GGR estimates on strong mass and VIP

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    March GGR seen up as much as 15 percent: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Fitch sees Macau GGR growth of 13 percent for 2018

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    CNY revenue disappoints despite higher visitation

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    CNY hotel room bookings robust: Analysts

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Wynn Palace continues to drive performance in 17Q4

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    January second week GGR picks up

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Wynn and Melco top picks for 2018: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    January GGR to record 14-16 pct increase: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    VIP growth to slow in 2018: analysts

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    China imposes new Union Pay limits

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Dec. GGR heading for 17-19 percent gain: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    December GGR off to a strong start: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    November GGR “wildly” ahead of expectations

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    November GGR expected to increase 18 to 19 pct

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Grand Prix slows Macau GGR as expected

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    No real product diversification on the horizon: analysts

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau GGR picked up last week, Grand Prix slowdown expected

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Leong has high hopes for 2017 GGR

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    October GGR rockets up 22.1 percent

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    October GGR to increase 13-15 percent: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Melco, Wynn to benefit most from Chinese premiumization

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    October GGR headed for increase of 12-14 pct

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Golden Week GGR mix disappoints; shares drop

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau loses two non-gaming attractions

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau GGR up 16.1 pct, above expectations

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau still the preferred casino destination

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau GGR headed for 14-15 pct increase in Sept

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    ADR saw marginal recovery last week

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Melco set to outperform: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau gaming continues to suffer from Hato aftermath

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    GGR growth to slow in 17Q4: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Analysts revise up August GGR estimate

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Bernstein downgrades SJM to underperform, forecasts delay

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Studio City applies for IPO

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    August GGR estimates hold steady

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    August GGR off to a strong start, VIP and mass volume up

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Anti-corruption activity threatens premium spend

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Strong VIP hold and visitation boosts weekly ADR

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Lower VIP luck brings down last week GGR

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    First week July ADR up 44 pct over 2016

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    GGR slightly slower last week: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Only mass has long-term potential: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Bernstein raises June GGR forecast

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Last week’s ADR higher than anticipated: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Shifting market dynamics to create winners and losers

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    June GGR headed for 20 – 26 pct growth: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau May revenue surges past expectations

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    No need to panic over Macau policy risks: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    GGR to hold strong for rest of May: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Dejiang visit pressured last week’s GGR: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau 17Q2 GGR to decelerate as VIP slows

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Melco/Crown divorce won’t hit ratings, not dilutive

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    First week of May GGR in line: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    GGR to increase 13-15 percent in April: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau ADR boosts over Easter week

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    First week April GGR lower than expected

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    VIP headed for 7 pct growth in 2017: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau headed for 13-14 percent growth in March

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Bernstein raises 17Q1 expectations

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau benefiting from China VIP recovery

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    First week March GGR in line with expectations

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    February GGR rises 17.8 percent

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Retail reaches year peak in 16Q4

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Non-gaming spend up 13.3 percent in 16Q4

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau to lose over tightening liquidity: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    February GGR headed for 10-11 percent increase

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Last week GGR better than expected: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Quality of visitation to drive mass GGR

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Feb 1-5 GGR exceeds expectation

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    January GGR up 3.1 percent, misses expectations

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Improving infrastructure to drive mass, non-gaming spend

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Sands China 16Q4 results miss expectations

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau GGR softens further in lead up to CNY

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Weekly GGR to face slowdown until CNY: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau gaming revenue strong in early January: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Melco Crown taps into horizontal management structure: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    GGR hits MOP 7.6 billion for first 11 days of Dec

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Withdrawal limit no impact on gaming: Leong

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    UnionPay ATM withdrawal limit slashed in half

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    November GGR expected to rise 15 percent year-on-year

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    GGR surges 16 percent year-on-year last week: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau’s inflection in full swing: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Nov GGR headed for 7 to 9 percent growth

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Studio City issues bond to refinance existing credit facility

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau GGR headed for 5 – 7 percent increase in Nov: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Oct. GGR up 8.8 percent, beats expectations

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    October GGR headed for 3-5 percent growth: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau expected to see 5-9 percent GGR increase

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Sept. GGR rises stronger-than-expected 7.4 percent

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau GGR headed for 1-5 percent increase: analysts

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    GGR headed for 8-11 percent yoy increase: Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Melco says Studio City, Manila boost Q1 sales, but results miss forecasts

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    SJM Q1 results just top forecasts, helped by satellite casinos

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Las Vegas Strip revenues drop in Oct., mass gains

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Chinese police bust major underground banking network

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau gov’t will look to delay smoking ban decision, says Bernstein

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Weaker-than-expected start for Macau Nov. GGR

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    SJM gaming revenue drops 37.9 percent in 15Q3

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Macau’s latest revenue checks disappoint again, analysts say

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    China announces new limits on UnionPay outside the country

    Bernstein is widely recognized as Wall Street’s premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia.The firm was founded in the U.S. in 1967 and in the U.K. in 1999. Its research and trading capabilities are sought out by leading investment managers around the world.Research […]

    Smoking rules to trim 2019 GGR, but China a bigger concern

    Many of Macau’s casinos are in a race against time to ensure their newly-equipped VIP smoking lounges have been approved by the authorities.

    Tourism spending points to promising trend

    Singapore tourism arrivals are up just over 7 percent in the year to July, but a closer look at the detailed breakdown provided for Q1 shows that for the second consecutive quarter, visitors spent more on gaming, sightseeing and entertainment than in its glitzy shopping malls.

    Seeking wind for top-line sales

    In the words of Las Vegas Sands Chief Operating Officer Rob Goldstein, “Singapore is a wonderful success story, but at this point it's just a very large producer of EBITDA without growth prospects in the near future.” Although management did a sterling job in controlling costs and squeezing the maximum profit out of the iconic resort, it showed little, to no, top line growth. 

    Flying the kite?

    Melco Resorts and Entertainment’s decision to file for an initial public offering for its Studio City joint venture took analysts by surprise, with many speculating the proposed listing is being used to fish for a valuation for the resort. Melco owns the Hollywood-themed IR through a partnership with New Cotai Holdings. Analysts have long expected Melco to buy out its partner’s 40 percent stake to gain full ownership, giving it access to the full revenue stream and the potential for operational synergies. However, in August, it filed for an IPO in the U.S.

    Macau stock rally seen losing steam

    Macau’s gaming stocks have rebounded to trade at two-year highs, tracking the recovery in gross gaming revenue, however analysts warn against over optimism, saying growth may be nearing its peak, at least in the short term.

    Sands serves French flavour to whet mainland tourism appetite

    Ask many mainland Chinese what their dream travel destination is and the answer is unlikely to be Macau. According to a survey by CLSA, Macau came bottom out of a list of 21 destinations, with Europe, the U.S. and Australia topping the list. So, could Sheldon Adelson have hit upon a winning formula with his latest resort -- the $2.8 billion Parisian? The property, like its sister next door, aims to bring a little bit of Europe to the Cotai strip, providing a taste of all things French without the lengthy voyage and language complexities.

    Mass market turns south in Singapore

    Singapore’s two operators are seeking to add more non-gaming attractions to boost growth as income from their casinos continues to drag, with results released this week showing an unexpected drop in mass revenue at Marina Bay Sands.  Casino revenue for the quarter fell 1.6 percent to $556.7 million, with adjusted property EBITDA dropping 1.7 percent to $357 million. The property reported a drop of 29 percent in its rolling chip volume, but more unexpected was the almost 11 percent drop in mass market volume year-on-year. Slot handle gained 6 percent.

    Cotai resorts seen viable, but returns to disappoint

    The multi-billion properties opening up on Macau’s Cotai strip are still likely to be viable, despite the slump in gaming revenue in the territory, though returns will fall far short of the levels expected when the resorts were first planned, analysts say. The six operators are set to almost double their room capacity over the next two years at a time of unprecedented uncertainty for the revenue outlook. 
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