Hong Kong stock market turmoil | Macau casino stocks continue to decline, Macau's gambling revenue in July got off to a poor start, and cracking down on illegal "money changers" has affected investment sentiment.

Macau casino stocks continue to decline. As of press time, MGM China (02282) fell by 3.52% to HKD 11.52; Sands China (01928) fell by 2.5% to HKD 15.62; Melco Int'l Dev (00200) fell by 2.4% to HKD 4.89.

Zhitong FinanceJul 18 23:23 ET

CITIC Lyon: Latest rating and target prices for Macau gaming stocks (table), with MGM China (02282) and Galaxy Entertainment (00027) as top choices.

CITIC CLSA lowered its forecast for total gambling revenue in 2024 and 2025 to $28.6 billion and $29.7 billion, respectively.

Zhitong FinanceJul 16 03:03 ET

Hong Kong stocks are in flux | Macau casino stocks continue to be under pressure. Morgan Stanley believes that Macau's gambling revenue in July was lower than market expectations. There are no catalysts in the short term.

Macau casino stocks continue to be under pressure. As of press time, MGM China (02282) fell by 3.37% to HKD 12.04; Galaxy Entertainment (00027) fell by 1.88% to HKD 33.85; Sands China (01928) fell by 1.83% to HKD 16.12.

Zhitong FinanceJul 15 23:49 ET

MGM China Holdings Limited's (HKG:2282) Share Price Not Quite Adding Up

MGM China Holdings Limited's (HKG:2282) price-to-sales (or "P/S") ratio of 1.9x may not look like an appealing investment opportunity when you consider close to half the companies in the Hospitality

Simply Wall StJul 12 02:11 ET

Macao's June Gross Gaming Revenue Lower Than Expected, Macquarie Says

Macao's gross gaming revenue hit 17.7 billion Macanese pataca in June, down 12% sequentially and 26% lower from the comparable 2019 period, Macquarie said in a note published on Tuesday.

MT NewswiresJul 10 05:05 ET

Hong Kong stock market anomaly | Macau casino stocks come under pressure again, MGM China (02282) falls more than 3%, Macau gambling data is still in a seasonal low.

According to a research report released by Citi, as of press time, Macau casino stocks are under pressure again. MGM China (02282) fell 3.54% to HKD 12. Paradise Entertainment (01180) fell 2.33% to HKD 0.84. Melco International Development (00200) fell 1.37% to HKD 5.04. Galaxy Entertainment (00027) fell 0.44% to HKD 33.9. According to industry sources, the casino revenue for the first seven days in July in Macau was about MOP 3.85 billion, which means the average daily income is about MOP 0.55 billion, lower than the last week of June 24.

Zhitong FinanceJul 10 02:22 ET