Gambling stocks generally fell, as of press time, MGM China (02282) fell 4.68%, to HKD 13.86; Melco Int'l Dev (00200) fell 4.09%, to HKD 5.86; Wynn Macau (01128) fell 4.07%, to HKD 6.84; Galaxy Ent (00027) fell 3.29%, to HKD 38.25.

UBS Group released a report indicating that according to channel surveys, Macau's middle gambling revenue has increased by about 3% per quarter since the second quarter, which is believed to be due to the May Labor Day holiday, while VIP room gambling revenue has fallen by about 6% per quarter. The bank previously pointed out that despite the weak macro background, it still has a positive view on Macau casino stocks; Macau's first-quarter gambling revenue is better than expected, and the advantages are expected to continue into the second quarter.

Morgan Stanley stated that Macau gambling revenue met expectations and was better than market expectations, but EBITDA performance did not meet expectations and has been revised downward since October 2023. According to data from the first two months of the second quarter, it seems that Galaxy Ent's market share has increased, while Wynn Macau seems to have lost some market share. The bank continues to be bullish on MGM China and Melco Resorts for their performance in the second quarter, but expects Galaxy Ent to perform well in the near future.