Gaming stocks rose collectively. As of press release, Galaxy Entertainment (00027) rose 4.01% to HK$41.5; Aobo Holdings (00880) rose 3.87% to HK$3.22; and Sands China (01928) rose 2.62% to HK$21.55.
The Zhitong Finance App learned that gaming stocks rose collectively. As of press release, Galaxy Entertainment (00027) rose 4.01% to HK$41.5; Aobo Holdings (00880) rose 3.87% to HK$3.22; Sands China (01928) rose 2.62% to HK$21.55; and MGM China (02282) rose 2.33% to HK$14.94.
According to the news, the UBS Research Report pointed out that the latest industry data shows that in the Macau gaming industry in April, the average daily revenue level of midfield gaming was basically the same as in the first quarter of this year. In other words, the performance was still improving despite the lack of major programs and holidays. With the Mainland authorities recently expanding the scope of application of individual travel programs and easing visas, it is expected that Macau's total gaming revenue will continue to remain above seasonal levels.
Citi, on the other hand, kept its May gaming revenue forecast unchanged at 20 billion yuan, which meant that the daily gaming revenue for the rest of the month was about 600 million yuan. In addition, Citi also said it is encouraged by the central government's recent announcement to add 8 “individual tourist cities,” and it is estimated that it will bring 812,000 visitors to Macau this year. Taking into account Qingdao and Xi'an, which were added earlier, a total of 10 new “individual tourist cities” will bring about 1.38 million visitors to Macau this year.