As several Macau casino stocks are set to announce their 4Q25 results, Goldman Sachs has released a report estimating that investors will focus on their profit trends, given some casinos' concerns about additional expenses for November's National Games and intense competition.In light of increased operating expenses and the GGR mix leaning toward the less profitable VIP segment, Goldman Sachs anticipates the industry's EBITDA to have risen by 4% QoQ or 13% YoY, compared to a 6% QoQ or 14% YoY increase in GGR.Related NewsCLSA Expects Apr Macau GGR +11% YoY to MOP20.9B; Top Picks Galaxy Entertainment (00027.HK) and MGM China (02282.HK)Goldman Sachs also specifically projected GALAXY ENT (00027.HK) 0.000 (0.000%) Short selling $61.73M; Ratio 80.280% 's 4Q25 EBITDA to have increased by 28% QoQ to USD550 million on a higher VIP win rate.The broker has reiterated a Buy rating on GALAXY ENT, MGM CHINA (02282.HK) -0.180 (-1.587%) Short selling $10.17M; Ratio 112.435% , and SANDS CHINA LTD (01928.HK) +0.030 (+0.176%) Short selling $41.04M; Ratio 133.133% , citing that their current industry valuations are still attractive.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)
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