The Zhitong Finance App learned that gaming stocks generally rose in early trading. As of press release, MGM China (02282) rose 4.81% to HK$8.28; Wynn Macau (01128) rose 3.29% to HK$6.91; Xinhao International Development (00200) rose 2.62% to HK$7.43; Sands China (01928) rose 1.82% to HK$25.15; Huicai Holdings (01180) rose 1.23% to HK$0.82; Galaxy Entertainment (00027) rose 1.22%, at HK$49.95.
According to the news, according to the “Macau Daily” report, Macau Tourism Director Wen Yihua said on the 28th that the average number of visitors per day from Monday to Friday recently was about 60,000. The overall number of visitors recovered smoothly and ideally, and has now recovered to over 50% of the total number before the epidemic. Over the past Buddha's birthday holiday and the day after, Macau received more than 90,000 visitors per day for two consecutive days. Among them, Hong Kong had the highest number of visitors on Buddha's birthday.
According to Daimo's research report, opinions on the Macau gaming industry have increased from being in line with expectations to being attractive. The average first-quarter revenue of China's non-essential consumer goods stocks was 146% of the first quarter of 2019 (that is, before the pandemic). On the other hand, Macau's gaming midfield revenue in the first quarter of this year was only 67% of the pre-pandemic level, and reached about 90% in April this year. The bank expects midfield revenue to reach over 120% of 2019 levels.