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Hong Kong stock market changes | Macau casino stocks rise in the afternoon, June gambling revenue data is coming, Goldman Sachs expects Macau's gambling revenue to gradually recover over the next few months.
Macau casino stocks rose in the afternoon. As of press time, Sands China (01928) rose 4.84% to HKD 16.90; Agtech Holdings (08279) rose 4.17% to HKD 0.20; MGM China (02282) rose 3.42% to HKD 12.70; Wynn Macau (01128) rose 2.38% to HKD 6.44.
Macau casino stocks collectively rise, with Sands China (01928) up 4.84%. Goldman Sachs predicts that Macau gaming revenue will gradually recover over the next few months.
Jinwu Finance | Macau casino stocks rose collectively, with Sands China (01928) rising 4.84%, MGM China (02282) rising 3.75%, Wynn Macau (01128) rising 2.07%, Galaxy Entertainment (00027) rising 1.93%, Melco Int'l Dev (00200) rising 1.9%, and SJM Holdings (00880) rising 1.15%. Goldman Sachs released a report indicating that Macau's June gambling revenue was about 17.7 billion Macau patacas, only 74% of the pre-coronavirus pandemic level, compared to 79% and 78% in April and May, respectively, believed to be due to seasonal weakness and win rates.
Macau's Gross Gaming Revenue Surges 16% in June
Macau's gross gaming revenue surged 16% to 17.7 billion Macanese patacas in June from 15.2 billion patacas in the year-ago period, according to data from the city's Gaming Inspection and Coordination Bureau released recently.
MGM China Files for Hong Kong Listing of $500 Million Senior Bonds Due 2031
MGM China Holdings (HKG:2282) filed for the listing of $500 million worth of 7.125% senior bonds due in 2031 on the Hong Kong Stock Exchange, according to a Wednesday filing on the Hong Kong Bourse. P
Hong Kong stock fluctuations | Macau casino stocks continue to decline, Macau's mid-June gambling revenue is disappointing, Citigroup conservatively lowers its monthly revenue forecast.
Macau casino stocks continue their recent decline. As of press time, Sands China (01928) fell 3.31%, closing at HKD 16.34; Melco Int'l Dev (00200) fell 3.11%, closing at HKD 5.29.
Mgm china (02282.HK) plans to list $500 million maturing preferred notes on June 27, 2031 and will take effect.
MGM China (02282.HK) announced that the $500 million 7.125% senior notes due in 2031 (bond security code: 5036) are expected to be listed and traded starting from June 27, 2024.
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