According to the WiseNews App, casino stocks fell across the board today. As of press time, Sands China (01928) fell 3.5% to HKD 17.62, Melco International Development (00200) fell 3.42% to HKD 5.65, Wynn Macau (01128) fell 2.33% to HKD 6.71, and Galaxy Entertainment (00027) fell 2.03% to HKD 38.65.

On the news front, it was recently reported that casinos have raised the threshold for free snacks. This is due to the impact on small and medium-sized enterprises caused by the so-called "zero-dollar tour to Macau". According to JPMorgan's research report, due to the low season and lower VIP win rates, Macau's total gambling revenue in the first 16 days of this month was MOP 9.7 billion, reflecting an average daily gambling revenue of MOP 530 million last week. The bank said it did not believe that stopping free snacks would have any substantive impact on total gambling revenue. The bank maintains its forecast for total gambling revenue in June at MOP 17.5 billion to MOP 18 billion.

Citigroup said that it was not surprised that daily revenue slowed down in the first ten days, which included the Dragon Boat Festival holiday from June 8 to 10. The bank cited industry reports that VIP room bets fell about 8% monthly, while middle-of-the-road bets fell 6% to 9%. VIP room win rates fell slightly on a weekly basis. The bank maintains its forecast of MOP 18 billion for June's gambling revenue, equal to about 76% of the level in June 2019, reflecting daily revenue of MOP 593 million for the remaining days of this month.