Gaming stocks rose across the board. As of press release, Sands China (01928) rose 4.7% to HK$21.15; MGM China (02282) rose 3.57% to HK$8.7; and Huicai Holdings (01180) rose 2.25% to HK$0.91.
The Zhitong Finance app learned that gaming stocks rose across the board. As of press release, Sands China (01928) rose 4.7% to HK$21.15; MGM China (02282) rose 3.57% to HK$8.7; Huicai Holdings (01180) rose 2.25% to HK$0.91; City of Dreams International Development (00200) rose 1.94% to HK$5.25; and Wynn Macau (01128) rose 1.72% to HK$5.93.
According to the news, the Citi report indicates that Macau's total gaming revenue in November reached about MOP 16.043 billion, which is in line with expectations. This means that the average daily gaming revenue for the last 11 days was about MOP 549 million, which is about 13% higher than the previous week (November 13-19). The bank believes that the increase in the average daily gaming revenue may be related to the lower base of the previous week because some tourists avoided going to Macau during the weekend Grand Prix.
Looking ahead to December, due to normal seasonal factors and a strong concert lineup, gaming revenue is expected to reach MOP 17.5 billion in December. According to the bank, if the prediction comes true, Macau's gaming revenue this year will reach about MOP 182 billion, recovering to about 62% in 2019, which also means that midfield gambling revenue will completely recover lost ground in the fourth quarter.