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Macau Casino stocks fell broadly. Sands China (01928) dropped 3.29%. The University of Macau expects the tariff war to indirectly affect consumer spending by visitors to Macau.
Jin Wu Financial News | Macau Casino stocks fell broadly, with SANDS CHINA (01928) dropping 3.29%, MELCO INT'L DEV (00200) falling 2.78%, SJM HOLDINGS (00880) decreasing by 2.29%, MGM CHINA (02282) down 2.13%, and WYNN MACAU (01128) lower by 1.41%. According to reports from Macau Radio, the Macau Research Center and the Department of Economics of the University of Macau published a revised forecast for the macroeconomy in 2025, lowering the baseline growth rate of this year's local GDP in Macau from over 7% to 6.8%, primarily considering the potential impact of USA tariff policies.
Hong Kong stocks movement | Macau Casino stocks rebound today, MELCO INT'L DEV (00200) rises over 5%. Morgan Stanley expects Macau's gaming revenue to grow by 2% in April.
Macau Casino stocks rebounded today. As of the time of writing, MELCO INT'L DEV (00200) rose by 5.57% to HKD 3.6; WYNN MACAU (01128) increased by 5.47% to HKD 5.01; GALAXY ENT (00027) went up by 4.89% to HKD 26.8; Sands China (01928) climbed by 4.47% to HKD 13.54.
Hong Kong stocks movement | The decline in Macau Casino stocks has widened as the average monthly gambling revenue in Macau for the first quarter did not meet budget levels. Morgan Stanley claims that the growth prospects for the Industry remain uncertain
The decline in Macau Casino stocks has widened. As of the time of reporting, SJM HOLDINGS (00880) fell by 15.57%, trading at 2.06 HKD; MELCO INT'L DEV (00200) decreased by 15.05%, at 3.33 HKD; Sands China (01928) dropped by 14.25%, at 13.36 HKD; GALAXY ENT (00027) fell by 12.77%, at 26.3 HKD.
Macau Gaming Revenue Inches Up in March
Express News | Macau Says March Gambling Revenue up 0.8 Pct From a Year Earlier to 19.7 Bln Patacas
Hong Kong stocks fluctuate | Macau Casino stocks decline significantly. Macau cracks down on illegal currency exchange activities. UBS Group states this may pressure the Industry's mood in the short term.
Macau Casino stocks generally fell in the early trading session. As of the time of writing, MELCO INT'L DEV (00200) dropped 6.57%, to HKD 3.84; WYNN MACAU (01128) fell 5.58%, to HKD 5.58; Sands China (01928) decreased by 5.14%, to HKD 15.5; MGM CHINA (02282) declined 4.07%, to HKD 10.38.