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UBS Group: Macau's gambling revenue in June roughly met market expectations, preferring Galaxy Entertainment and others.
UBS Group released a research report stating that Macau's gambling revenue in June roughly met market expectations. The total gambling revenue in June was 17.7 billion Macau patacas, an increase of about 16% year-on-year, but a decrease of about 12% month-on-month. The daily average gambling revenue was 590 million Macau patacas, a decrease of about 9% month-on-month. It is expected that the growth of tourists will be driven by the addition of 8 cities for individual travel between Hong Kong and Macau and the increase in summer flight capacity, therefore maintaining an optimistic attitude toward the Macau gambling sector, with Melco Resorts and Entertainment (MLCO.US) and Galaxy Entertainment (00027) being the top choices.
Express News | Shares of Gambling Stocks Are Trading Lower After Macau Revenue Fell in June
Reported Earlier, Macau Gambling Revenue In Jun. Fell To Eight-Month Low
Reported Earlier, Macau Gambling Revenue In Jun. Fell To Eight-Month Low
Melco Receives Most Prestigious Global Award for Training
MACAU, June 27, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been awarded the talent development industry's most rigorous and coveted recognition, 2024 BEST Award by Association for Talent Development
Chinese Equity Market Shows Momentum to Return Cash to Shareholders
0910 GMT - The Chinese equity market's momentum to return cash to shareholders looks promising, Goldman Sachs analysts say in a research note. The strong policy push by regulators could further encour
These Return Metrics Don't Make Melco Resorts & Entertainment (NASDAQ:MLCO) Look Too Strong
What underlying fundamental trends can indicate that a company might be in decline? A business that's potentially in decline often shows two trends, a return on capital employed (ROCE) that's declini