On June 25th, Morgan Stanley released a research report stating that Macau's gambling revenue reached 13.3 billion Macau patacas in the first 23 days of June, while the daily average gambling revenue last week was 514 million Macau patacas, the lowest in more than six weeks. The bank believes that this is due to seasonal weakness and poor VIP room win rates, but the mid-June gambling revenue is still disappointing, indicating downside risks to the monthly gambling revenue forecast. The bank believes that there is no catalyst for the industry to drive a re-rating in the short term, and the preferred order for Macau gaming stocks is MGM China, followed by Wynn Macau, Sands China, Silver Heritage, and Melco International Development in last place.
大行评级｜摩根大通：澳门6月赌收预测有下行风险 行业首选美高梅中国
JPMorgan's rating: Macau's June gambling revenue forecast has downward risk, and MGM China is the preferred choice in the industry.
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