WYNN MACAU News

Goldman Sachs: The performance of the Macau Gambling industry has begun, and a brief adjustment in industry revenue is expected for the last quarter.

Goldman Sachs maintains a constructive outlook on Macau Casino stocks, continuing to favor Silver Entertainment.

Zhitong FinanceJan 20 03:55 ET

Hong Kong stocks in active movement | Macau Casino stocks saw an increase in profits in the afternoon. Macau is expected to see tourist numbers close to 2019 levels this year, with gaming revenue for the first two months possibly increasing by 4% year-on-

The Macau Casino stocks gained more in the afternoon. As of the time of this report, WYNN MACAU (01128) rose by 4.42%, trading at HKD 5.67; SANDS CHINA (01928) increased by 4.35%, trading at HKD 18.72; MGM CHINA (02282) went up by 3.65%, trading at HKD 10.8; MELCO INT'L DEV (00200) climbed by 3.34%, trading at HKD 4.33.

Zhitong FinanceJan 20 00:38 ET

JPMorgan: Among Macau Casino stocks, first focus on GALAXY ENT for individual stock alpha investment opportunities.

JPMorgan released a research report stating that it has lowered the Target Price for SJM HOLDINGS (00880) and MELCO INT'L DEV (00200) to HKD 2.5 and HKD 4.1 respectively, with ratings of "Neutral" and "Shareholding". The bank also reduced the Target Prices for WYNN MACAU and Sands China to HKD 7.5 and HKD 21.5 respectively, maintaining a "Shareholding" rating. The report indicated that last year's fourth-quarter gambling revenue performance in Macau was the best in 20 consecutive quarters, and the current Industry valuation is low, approximately nine times the average EBITDA, thus paying attention to individual stock alpha investment opportunities, continuing to list GALAXY ENT (00027) as the preferred stock.

Sina Hong Kong StocksJan 16 04:37 ET

J.P. Morgan: Latest ratings and Target Price for Macau Casino stocks (table) Preferred GALAXY ENT (00027)

J.P. Morgan expects that Macau's January Gambling revenue will fall by 5% year-on-year to between 18 billion and 18.3 billion Macau patacas.

Zhitong FinanceJan 14 00:51 ET

Hong Kong stock movement | Most Macau Casino stocks have rebounded, MGM CHINA (02282) has risen over 4%, Thai cabinet approves gambling legalization.

Most Macau Casino stocks are rebounding. As of the time of writing, MGM CHINA (02282) rose by 4.17%, reporting HKD 10.48; PARADISE ENT (01180) increased by 3.57%, reporting HKD 0.87; WYNN MACAU (01128) saw a rise of 2.24%, reporting HKD 5.48.

Zhitong FinanceJan 13 21:32 ET

WYNN MACAU grants rewards based on the employee stock ownership plan.

WYNN MACAU (01128) announced that on January 2, 2025, the company will grant awards under its employee stock ownership plan to one executive and 273 employees (selected participants) to subscribe for a total of 0.9276 million shares of common stock with a par value of HKD 0.001 per share, representing approximately 0.018% of the company's issued share capital as of the date of this announcement, but this will only take effect upon acceptance by the selected participants.

Sina Hong Kong stocksJan 2 19:12 ET

Wynn Macau Changes IP Licensor for WYNN Trademark

MT NewswiresJan 2 07:40 ET

Wynn Macau Grants Shares to Boost Employee Alignment

TipRanksJan 2 06:08 ET

WYNN MACAU (01128.HK) granted 0.928 million shares as reward shares.

On January 2, Gelonghui announced that WYNN MACAU (01128.HK) will grant awards under its employee share ownership plan to an executive officer of the group and 273 employees on January 2, 2025, for the subscription of a total of 927,569 shares of ordinary stock with a par value of HKD 0.001 each, accounting for approximately 0.018% of the company's issued share capital as of the date of this announcement.

Gelonghui FinanceJan 2 05:58 ET

JPMorgan: Expected Macau's Gambling revenue to increase by 5%, with GALAXY ENT as the top pick.

JPMorgan released a research report stating that Macau's Gambling revenue in December fell by 2% year-on-year to 18.2 billion yuan (Macau Patacas, the same below), recovering nearly 80% compared to pre-pandemic levels, but still lower than the market consensus of 2-3%. The bank expects Macau's ordinary Gambling revenue in December to reach 110% of the pre-pandemic level, while VIP revenue only recovered to 23%, slightly below recent levels. The bank's preferred stock in Macau's Gambling industry is GALAXY ENT, followed by MGM CHINA, WYNN MACAU, and SANDS CHINA, all rated as 'Buy'.

Gelonghui FinanceJan 2 04:34 ET

Macau Casino Revenue Rose 24% in 2024 Despite Soft December Tally

Seeking AlphaJan 1 13:37 ET

Express News | Macau Says 2024 Gambling Revenue up 23.9 Pct From a Year Earlier to 226.8 Bln Patacas

ReutersDec 31 23:58 ET

Express News | Macau Says December Gambling Revenue Down 2 Pct From a Year Earlier to 18.2 Bln Patacas

ReutersDec 31 23:58 ET

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%.

Jingwu Financial NewsDec 30, 2024 21:58 ET

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, 2024 22:00 ET

Macau Sees Surge in Bond Listings in Pivot Away From Gambling

BNN BloombergDec 29, 2024 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, 2024 21:11 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, 2024 23:18 ET

According to JPMorgan, Macau Casino stocks lack positive catalysts in the short term, with GALAXY ENT (00027) being the top choice.

J.P. Morgan's recommended order is GALAXY ENT (00027), followed by WYNN MACAU (01128), SANDS CHINA (01928), and MGM CHINA (02282), then SJM HOLDINGS (00880), and lastly MELCO INT'L DEV (00200).

Zhitong FinanceDec 17, 2024 03:26 ET

J.P. Morgan: Macau's gambling revenue for the first eight days of December has slowed down as expected, with GALAXY ENT being the top choice for next year.

JPMorgan released a research report stating that the top choice among Macau Casino stocks for next year is GALAXY ENT (00027), with a "Shareholding" rating and a Target Price of HKD 48, reflecting its unique profit drivers and a low enterprise value multiple (EV/EBITDA) of 9 times. After that, WYNN MACAU (01128), SANDS CHINA (01928), and MGM CHINA (02282) are also expected to perform well (these three companies share the same ranking), followed by SJM HOLDINGS (00880), and lastly, MELCO INT'L DEV (00200). The report mentioned that the gross gaming revenue for Macau for the first eight days of December was 4.5 billion Macau patacas (down...

Sina Hong Kong stocksDec 10, 2024 22:01 ET