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Hong Kong stocks are experiencing fluctuations | Macau Casino stocks extended their decline in the afternoon, with December Macau gaming revenue down 2% year-on-year, slightly below market expectations according to Morgan Stanley.
In the afternoon, Macau Casino stocks fell further. As of the time of reporting, Sands China (01928) fell by 4.07% to 20.05 HKD; GALAXY ENT (00027) dropped by 2.88% to 32.05 HKD; SJM HOLDINGS (00880) decreased by 1.86% to 2.64 HKD; MELCO INT'L DEV (00200) declined by 1.79% to 4.38 HKD.
Macau Casino Revenue Rose 24% in 2024 Despite Soft December Tally
Express News | Macau Says 2024 Gambling Revenue up 23.9 Pct From a Year Earlier to 226.8 Bln Patacas
Express News | Macau Says December Gambling Revenue Down 2 Pct From a Year Earlier to 18.2 Bln Patacas
Before the New Year's Day, Macau Casino stocks collectively rose, with Sands China (01928) up 2.18% and the average hotel room occupancy rate in Macau increasing to 89.7% in November.
Jinwu Financial News | Before the New Year's Day holiday, Macau Casino stocks collectively rose, with Sands China (01928) increasing by 2.18%, MGM China (02282) rising by 2.16%, and SJM Holdings (00880), GALAXY ENT (00027), and WYNN MACAU (01128) rising over 1%.
Macau Sees Surge in Bond Listings in Pivot Away From Gambling
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