According to the Securities Times APP, Macau casino stocks continue to decline. As of the time of publication, Galaxy Ent (00027) dropped by 4.29%, closing at 35.7 Hong Kong dollars; Sands China (01928) fell by 4.17%, closing at 18.4 Hong Kong dollars; mgm china (02282) decreased by 3.87%, closing at 10.44 Hong Kong dollars; Wynn Macau (01128) dropped by 3.26%, closing at 6.24 Hong Kong dollars.

On the news front, Morgan Stanley released research reports stating that due to reduced overall promotional activities and macroeconomic demand impact, Macau's third-quarter gambling revenue and gambling industry EBITDA forecasts were lowered by 5% and 8% respectively. The bank expects that Macau, Wynn Macau, and Sands China's market share in the third quarter will increase sequentially, while mgm china, Galaxy Ent, and Melco will see declines. The bank also pointed out that Macau's retail industry continues to face challenges in the third quarter, but customer traffic and retail sentiment have improved during the National Day golden period.

A research report from Lyon stated that Macau casino stocks will begin reporting third-quarter performance at the end of October. Due to a 1.5% quarter-on-quarter drop in Macau's third-quarter gambling revenue, coupled with continued pressure on profit margins, industry EBITDA is forecasted to decline by 10% to 1.748 billion US dollars. Morgan Stanley also indicated that it expects Macau casino operators' third-quarter property EBITDA to decline by 8% to 1.71 billion US dollars (while third-quarter gambling revenue only fell by 1% quarter-on-quarter), falling short of expectations and down 3% relative to the second quarter but returning to 79% of the level in the third quarter of 2019.