The table count in Macau’s casinos has risen 5 percent year-on-year in the nine months to September, exceeding the government’s limit of 3 percent annual growth, Morgan Stanley said. That follows an 8 percent gain for all of last year, it said.
The number of four- and five-star hotel rooms is up 13 percent. Morgan Stanley says the data shows there is little to support further lifting the valuations of some Macau gaming stocks. From now until mid-2015, Macau may not see any new table and hotel additions from the six key operators, affecting overall revenue growth.