Hong Kong stock movement | Macau Casino stocks collectively fell, Sands China (01928) dropped over 4% as Macau's November gaming revenue decreased by 11.3% month-on-month.

Macau Casino stocks fell collectively. As of the time of writing, Sands China (01928) is down 4.37%, quoted at 20.8 HKD; MELCO INT'L DEV (00200) is down 2.86%, quoted at 4.41 HKD; GALAXY ENT (00027) is down 2.8%, quoted at 32.95 HKD.

Zhitong FinanceDec 29 22:00 ET

Some Investors May Be Worried About Galaxy Entertainment Group's (HKG:27) Returns On Capital

Simply Wall StDec 29 19:20 ET

Macau Sees Surge in Bond Listings in Pivot Away From Gambling

BNN BloombergDec 29 18:00 ET

[Brokerage Focus] CITIC SEC expects that under the all-round stimulus of domestic demand policies, the Macau Gambling Sector is likely to further improve in terms of prosperity.

Jingwu Financial News | CITIC SEC stated that the December Politburo meeting has lifted the direction for Consumer recovery, considering that the core momentum for high-end Commodity/Service consumption among consumers in China comes more from the wealth effect. Therefore, based on the assumption that Real Estate is gradually stabilizing after a decline, the firm expects that the consumption growth rate in first-tier cities will rebound first. In a horizontal comparison, the firm is Bullish on Macau, as it celebrates the 25th anniversary of its return, where Gambling as a 'cyclical + high-end consumption' category may become a leading Indicator for domestic demand recovery. From an Industry perspective, GGR data for January to November 2024 is expected to recover to 77% of the same period in 2019.

Jingwu Financial NewsDec 19 21:11 ET

Hong Kong Stock Concept Tracking | The number of inbound visitors to Macau in November increased by 9.6% year-on-year. The sector's prosperity in Macau is expected to further improve (with related stocks attached).

Macau: In November, incoming tourists exceeded 2.83 million, an increase of 9.6% year-on-year.

Zhitong FinanceDec 19 20:50 ET

[Brokerage Focus] Morgan Stanley: It is expected that total Gambling revenue in Macau will increase by 5% year-on-year in 2025, reaching 238 billion Macau dollars.

Jinwu Financial News | Morgan Stanley's recent Research Reports indicate that the Macau gambling industry is expected to achieve slight but stable growth by 2025. The report estimates that the total gambling revenue (GGR) in Macau will reach 238 billion patacas in 2025, a year-on-year increase of 5%, while the earnings before interest, taxes, depreciation, and amortization (EBITDA) is projected to reach 8 billion dollars, a year-on-year increase of 6%. Although market expectations for the gambling industry are relatively cautious, Morgan Stanley believes that as various gambling companies increase investments in non-gambling sectors and improve service quality, market share and profitability are expected to further enhance. Morgan Stanley believes that although the growth rate is relatively mild.

King Wu Financial NewsDec 18 23:18 ET