Macau casino stocks rebounded collectively, as of press time, Sands China (01928) rose 3.12%, to HKD 13.88; Melco Int'l Dev (00200) rose 2.85%, to HKD 3.97; Galaxy Ent (00027) rose 2.33%, to HKD 28.55.
According to the Smart Finance App, Macau casino stocks rebounded collectively, as of press time, Sands China (01928) rose 3.12%, to HKD 13.88; Melco Int'l Dev (00200) rose 2.85%, to HKD 3.97; Galaxy Ent (00027) rose 2.33%, to HKD 28.55; Wynn Macau (01128) rose 2.29%, to HKD 4.91.
On the news front, Zhongjin previously mentioned that due to the increase in visitor volume during the summer or the continuous increase in new properties, Macau's total gambling revenue in August met expectations. The bank predicts that Macau's total gambling revenue in September is expected to reach 173-18.8 billion Macau patacas, corresponding to a daily gambling revenue of 5.75-0.625 billion Macau patacas.
Citigroup stated that although Typhoon Mokka caused disruptions last Thursday and Friday, the impact was much smaller compared to the temporary closure of casinos due to Typhoon Hato during the first weekend of September last year. To reflect the slight negative impact of the typhoon, the bank lowered its forecast for gambling revenue until September 24 from 18.5 billion Macau patacas to 18.25 billion Macau patacas, which means that the remaining days of this month will have a daily gambling revenue of approximately 0.614 billion Macau patacas.