Macau casino stocks rose in the afternoon, as of press time, MGM China (02282) rose 2.81% to HKD 11.72; Sands China (01928) rose 2.05% to HKD 14.96, Nagacorp (03918) rose 1.06% to HKD 3.81.
According to Zhidao Finance APP, Macau casino stocks rose in the afternoon, as of press time, MGM China (02282) rose 2.81% to HKD 11.72; Sands China (01928) rose 2.05% to HKD 14.96, Nagacorp (03918) rose 1.06% to HKD 3.81; Wynn Macau (01128) rose 0.87% to HKD 5.82.
On the news front, the Gaming Inspection and Coordination Bureau of Macau released data that the gross revenue of lucky gambling in Macau in July was MOP 18.6 billion, a year-on-year increase of 11.6%, slightly lower than Citigroup's previous estimate of MOP 19 billion; the cumulative gross revenue of lucky gambling in Macau from January to July was MOP 132.3 billion, a year-on-year increase of 36.7%.
In addition, MGM China announced yesterday that its total revenue for the second quarter of 2024 was HKD 7.96 billion, a year-on-year increase of 37.03%; the adjusted EBITDA was approximately HKD 2.443 billion, a year-on-year increase of 39.84%. In the first half of 2024, the group's total revenue was HKD 16.218 billion, a year-on-year increase of 52.29%; the adjusted EBITDA was approximately HKD 4.948 billion, a year-on-year increase of 56.58%.