JPMorgan released a research report stating that Macau's Gambling revenue in December fell by 2% year-on-year to 18.2 billion yuan (Macau Patacas, the same below), recovering nearly 80% compared to pre-pandemic levels, but still lower than the market consensus of 2-3%. The bank expects Macau's ordinary Gambling revenue in December to reach 110% of the pre-pandemic level, while VIP revenue only recovered to 23%, slightly below recent levels. The bank's preferred stock in Macau's Gambling industry is GALAXY ENT, followed by MGM CHINA, WYNN MACAU, and SANDS CHINA, all rated as 'Buy'.
小摩：预计澳门今年博彩收入升5% 首选银河娱乐
JPMorgan: Expected Macau's Gambling revenue to increase by 5%, with GALAXY ENT as the top pick.
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