Hong Kong stocks fluctuate | Macau Casino stocks rose today as the market anticipates supportive policies for tourism in Macau. Morgan Stanley predicts a 3-4% growth in Macau's gaming revenue in the fourth quarter.

The Macau Casino stocks rose today, as of the time of this report, MGM CHINA (02282) increased by 4.09%, reporting at 10.18 HKD; SANDS CHINA (01928) increased by 4.28%, reporting at 21.95 HKD; GALAXY ENT (00027) increased by 1.94%, reporting at 36.85 HKD; MELCO INT'L DEV (00200) increased by 1.78%, reporting at 5.15 HKD.

Zhitong FinanceDec 12 01:21 ET

[Brokerage Focus] JPMorgan expects Q4 Macau Gambling revenue to increase by 3% to 4% quarter-on-quarter, with GALAXY ENT (00027) as the top pick.

Jinwu Financial News | JPMorgan released a research report indicating that the gross gaming revenue in Macau for the first eight days of December was 4.5 billion (Macau Pataca, the same below), which corresponds to a daily average of 0.562 billion Patacas, a 9% decrease compared to the average daily gaming revenue in November, but within expectations. During this period, the gross gaming revenue from the mass market business was about 105% of the pre-pandemic level, while VIP rooms recovered to about 20% to 23%. Although growth in gaming revenue is expected to slow in December, a quarterly increase of 3% to 4% is still anticipated for the fourth quarter, reaching the highest level in 20 quarters, and this growth momentum is believed to support the industry in meeting the general expectations for the fourth quarter and this fiscal year.

Golden Security Financial News.Dec 10 21:53 ET

Reversal Of Fortune For Melco International Development Insiders Who Made A HK$7.94m Purchase

Simply Wall StDec 2 17:13 ET

Express News | Macau Says November Gambling Revenue up 14.9 Pct From a Year Earlier to 18.4 Bln Patacas

ReutersNov 30 23:45 ET

Hong Kong stocks anomaly | Macau casino stocks rebound in early trading. In October, Macau's inbound tourists increased by 13.7% year-on-year, with a significant increase in international tourists.

Macau casino stocks warmed up in the morning session. As of the time of reporting, Sands China (01928) rose 4.26% to HKD 19.58; Melco Int'l Dev (00200) rose 2.43% to HKD 4.64; SJM Holdings (00880) rose 2.33% to HKD 2.64; Galaxy Ent (00027) rose 1.86% to HKD 32.9.

Zhitong FinanceNov 25 22:36 ET

Melco International Development Limited's (HKG:200) Most Bullish Insider Is CEO Yau Lung Ho, and Their Holdings Value Went up by 10.0% Last Week

Simply Wall StNov 8 17:01 ET