Comments
Macau gross gaming revenue increased 6% year-over-year in September to 18.3 billion patacas ($2.3 billion), according to data published on Wednesday by the Gaming Inspection and Coordination Bureau. The gross gaming revenue mark missed the consensus expectation of analysts for 9% growth and fell
Quick Insights
September’s gross gaming revenue grew 6% year-over-year but missed analyst expectations for 9% growth, which may temper short-term investor optimism.
Analysts expect Golden Week’s high visitor numbers from relaxed travel policies and pent-up demand to boost tourism and gaming revenue, potentially benefiting Macau casino stocks such as WYNN, LVS, and Galaxy.
NBA preseason games in China are anticipated to increase tourism to Macau, adding a potential catalyst for Macau-related casino stocks.
Recommended For You
More Trending News
Related Stocks
SymbolLast Price% ChgMLCO–Melco Resorts & Entertainment LimitedMGM–MGM Resorts InternationalLVS–Las Vegas Sands Corp.GXYEF–Galaxy Entertainment Group Limited
Trending Analysis
Trending News