Macau casino stocks collectively rose, as of the time of publication, MGM China (02282) rose by 4.02%, to HKD 10.86; Galaxy Ent (00027) rose by 3.48%, to HKD 32.7. Sands China (01928) rose by 3.07%, to HKD 16.14.
According to the WiseNews Finance app, Macau casino stocks collectively rose, as of the time of publication, MGM China (02282) rose by 4.02%, to HKD 10.86; Galaxy Ent (00027) rose by 3.48%, to HKD 32.7. Sands China (01928) rose by 3.07%, to HKD 16.14; Wynn Macau (01128) rose by 2.46%, to HKD 5.42.
On the news front, it was reported that Wynn Macau's Director of the Macau Government Tourism Office, Maria Helena de Senna Fernandes, revealed to the local media that as of last week, Macau's overall hotel booking rate during the National Day holiday was about 70%. Among them, 5-star hotels are basically fully booked, while other star-rated hotels are expected to receive orders gradually this week. Maria Helena mentioned that the number of visitors to Macau in August exceeded the government's expectations, attributing it to factors such as good weather. If the weather continues to be favorable, it is estimated that during the Golden Week of the National Day holiday, the average daily number of visitors to Macau will exceed the earlier forecast of 0.1 million people.
Morgan Stanley's earlier research report pointed out that it is expected that the hotel's average daily room rates and occupancy rates during the Golden Week in October in Macau will be similar to the same period last year. The bank expects daily gaming revenue to be 0.9 billion Macau patacas, with total gaming revenue for October reaching 20 billion, implying a 1% year-on-year increase. Compared to the Golden Week in May, the daily room rates seem to be stronger. The bank anticipates that Macau's mass market gaming revenue will recover to 114%-115% of the levels seen during the same period in 2019.