In "The Big Banks," Citigroup: 11 satellite casinos in Macau will cease operations by the end of the year, negatively impacting PARADISE ENT
Citi published a research report indicating that 11 satellite casinos in Macau will cease operations by the end of the year, which is an unexpected negative message. At the same time, SJM Holdings (00880.HK) plans to acquire the Grand Lisboa Casino and the Lisboa Casino. As a result of this event, Paradise Entertainment (01180.HK) will stop its casino management business starting next year, which will have a negative impact on it, while the impact on the franchise operators will be generally neutral. However, Galaxy Entertainment (00027.HK) and Melco Resorts & Entertainment (MLCO.US) should be able to immediately improve table game yield
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