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Hong Kong stocks are moving | Macau Casino stocks are rising, MGM CHINA (02282) has increased by over 5%. Macquarie predicts that the Easter period will drive April's gaming revenue close to March levels.
Macau Casino stocks rose collectively in the morning. As of the time of writing, MGM CHINA (02282) is up 5.58%, at 10.02 HKD; MELCO INT'L DEV (00200) is up 4.39%, at 3.57 HKD; Sands China (01928) is up 3.96%, at 13.66 HKD.
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Hong Kong stocks have shown unusual movements | Macau Casino stocks continue to decline, MELCO INT'L DEV (00200) fell over 3%, and Morgan Stanley pointed out the short-term downside risks for Macau Casino stocks.
Macau Casino stocks continue to decline. As of the time of writing, MELCO INT'L DEV (00200) is down 3.44% at 3.37 HKD; Sands China (01928) has dropped 2.74% to 12.8 HKD.
Macau Casino stocks are generally weak; GALAXY ENT (00027) dropped by 3.21%. The Macao policy report indicates that the recovery of gambling is slowing down.
King Wu Finance | Macau Casino stocks are generally weak, GALAXY ENT (00027) fell by 3.21%, Sands China (01928) fell by 1.94%, MELCO INT'L DEV (00200) fell by 1.40%, SJM HOLDINGS (00880) fell by 0.93%, MGM CHINA (02282) fell by 0.83%, WYNN MACAU (01128) fell by 0.80%. The Chief Executive of Macau, Ho Iat Seng, pointed out in his first policy report during his tenure that the post-pandemic recovery momentum of the tourism and gambling industry is gradually slowing down, and this year's fiscal revenue may not be as optimistic as expected, with some new larger expenditures not included in the announced fiscal budget.
