The Zhitong Finance App learned that gaming stocks were higher today. As of press release, MGM China (02282) rose 5.07% to HK$9.33; Macau Expo Holdings (00880) rose 3.05% to HK$3.72; Galaxy Entertainment (00027) rose 2.28% to HK$51.55; and Wynn Macau (01128) rose 2.07%. At HK$7.41.
According to the news, Macau Tourism Board Director Wen Yihua said that in February this year, the average number of visitors to Macao was 57,000 per day, and the average number of visitors per day in early March also exceeded 50,000. Wen Yihua pointed out that as of January this year, the international market accounted for 2.2% of visitors to Australia, and it is believed that the share of international visitors will soon rise to 10%.
According to a research report published by Citi, Macau's total gaming revenue for the first 12 days of March may reach 4.2 billion yuan. The bank conservatively raised its gaming revenue forecast for March from 10 billion yuan to 10.5 billion yuan, which means that the average gaming revenue for the rest of March was about 332 million yuan per day.