MGM China is on track to become the first of Macau’s concessionaires to see mass gaming revenues reach 100% of their pre-COVID levels this quarter, according to the latest industry analysis by investment Morgan Stanley.

In a Wednesday note, Morgan Stanley analysts Praveen Choudhary, Gareth Leung and Stephen Grambling tipped MGM China and Wynn Macau Ltd to be the highest mass market share gainers in 1Q23, while also enjoying the better EBITDA recovery.

However it is MGM the analysts see enjoying the fastest recovery through 31 March, primarily due to the company being granted an additional 197 new gaming tables on 1 January under the government’s revised table allocation – lifting its tally from 553 gaming tables at end-2019 to 750 in 2023.