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Hong Kong stock concept tracking | Over 20 million tourists entered Macau this year, Citigroup remains optimistic about gambling revenue forecast for August (including conceptual stocks).
As of August 3rd, the cumulative number of inbound tourists visiting Macau this year has exceeded 20 million, reaching this number two months earlier than last year.
Galaxy Ent. (00027.HK) plans to hold a board of directors meeting on August 15th to approve its mid-term performance.
Galaxy Ent (00027.HK) announced that it will hold a board of directors meeting on August 15, 2024 (Thursday), to approve the publication of unaudited interim performance results for the six months ending June 30, 2024, of Galaxy Ent and its subsidiaries, and to consider declaring, recommending or paying dividends (if any) and dealing with any other matters.
GALAXY ENT: Date of Board Meeting
HK stocks surge | MGM China (02282) rose nearly 6%, leading the Macau casino stocks. The daily number of inbound and outbound tourists in Macau hit a record high, and Citigroup remains optimistic about August gambling revenue forecast.
Macau casino stocks rose in early trading, as of press time, MGM China (02282) rose 5.35%, to HKD 11.82; Sands China (01928) rose 3.76%, to HKD 14.9; Galaxy Entertainment (00027) rose 2.4%, to HKD 32.05. Only Melco Int'l Dev (00200) fell 2.04%, to HKD 4.32.
Galaxy Entertainment Group Limited's (HKG:27) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
Hong Kong stocks fluctuate | Macau casino stocks fell in early trading, with slightly lower July gambling revenue than market expectations. The market is concerned about the legalization of gambling in Thailand affecting the Macau gambling industry.
Macau casino stocks fell in early trading. As of press time, MGM China (02282) fell by 4.22%, closing at HKD 11.36; Galaxy Ent (00027) fell by 3.66%, closing at HKD 31.6; Sands China (01928) fell by 2.95%, closing at HKD 14.5; Wynn Macau (01128) fell by 2.9%, closing at HKD 5.7.
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