Macau casino stocks are all rising. As of the time of writing, Sands China (01928) is up 5.09%, trading at 20.85 HKD; wynn macau (01128) is up 3.94%, trading at 6.07 HKD; mgm china (02282) is up 3.69%, trading at 10.12 HKD.
According to Zhitong Finance APP, Macau casino stocks are all rising. As of the time of writing, Sands China (01928) is up 5.09%, trading at 20.85 HKD; wynn macau (01128) is up 3.94%, trading at 6.07 HKD; mgm china (02282) is up 3.69%, trading at 10.12 HKD; galaxy ent (00027) is up 3.47%, trading at 35.75 HKD.
In terms of news, the Macau Gaming Inspection and Coordination Bureau announced that the gross gaming revenue for November 2024 is expected to be 18.438 billion Macau patacas, exceeding expectations, with a year-on-year increase of 14.9% and a quarter-on-quarter decrease of 11.3%. In the first eleven months, the cumulative gross gaming revenue in Macau reached 208.58 billion patacas, up 26.8% year-on-year. A research report from Credit Lyonnais indicates that next year’s growth in Macau’s gaming revenue is expected to be moderate, with an estimated annual growth of 4% to 29.3 billion USD.
In addition, the National Immigration Administration recently announced that residents of Zhuhai can apply for one trip to Macau per week starting from January 1 next year. Residents of the Hengqin Guangdong-Macau Deep Cooperation Zone can make multiple trips to Macau with one visa. morgan stanley published a research report stating that these measures are mildly bullish for Macau casino stocks. The bank also believes that this initiative may help stabilize industry sentiment.