The Zhitong Finance App learned that gaming stocks continued to rise in early trading. As of press release, Huicai Holdings (01180) rose 4.55% to HK$0.92; Sands China (01928) rose 4.35% to HK$30; Galaxy Entertainment (00027) rose 3.02% to HK$59.7; MGM China (02282) rose 2.08% to HK$10.8; and Galaxy International Development (00200) rose 1.69% to HK$9.05.

According to the news, the Macau Gaming Supervision and Coordination Bureau announced that Lucky Gaming's revenue for the first quarter of this year was 34.642 billion patacas (same below), up nearly 95% year-on-year from 17.774 billion yuan in the first quarter of 2022, and recovered to over 45% of 76.152 billion yuan in the first quarter of 2019. Macau Chief Executive He Yicheng said he is confident that this year's gaming revenue will reach 130 billion patacas (same below), a sharp increase from last year's 42.198 billion yuan. He believes the target will be reached with at least 10 billion yuan per month.

According to the Lyon Research Report, Macau gaming companies will disclose their results for the first quarter of this year starting April 20. It is estimated that when Macau's gambling revenue increases 3.3 times from quarter to quarter, the adjusted EBITDA of all six gaming operators for the first quarter can turn a profit of HK$9.1 billion. Sands China announced that according to US generally accepted accounting principles, Sands China's total net revenue for the first quarter of 2023 was 1.27 billion US dollars, an increase of 1.32 times over the previous year.