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In the first ten days of June, the gambling revenue reached 6.5 billion Macau dollars according to Citigroup, with MGM China and Wynn Macau being the preferred choices.
Jpmorgan released a research report stating that the adjusted total gambling revenue (GGR) for the first 10 days of June in Macau was 6.5 billion yuan per day, or 65 billion yuan (MOP, the same below), which is equivalent to the daily income in May. This level is better than the normal season because this period includes two weekends and the Dragon Boat Festival holiday. It is believed that the gambling revenue data for this month will be strong, maintaining the forecast of gambling revenue of 18 billion yuan in June.
In the first ten days of June, the gambling revenue reached 6.5 billion Macau dollars. MGM China (02282) and Wynn Macau (01128) are preferred options according to Goldman Sachs.
JPMorgan released a research report stating that the adjusted total gambling income (GGR) for the first 10 days of June in Macau was 6.5 billion yuan per day, with a total GGR of 65 billion yuan (MOP equivalent), equivalent to the daily income in May. This level is better than normal due to the two weekends and the Dragon Boat Festival holiday covered during this period. It is believed that the gambling revenue data for this month will be strong, maintaining the forecast of 18 billion yuan in gambling revenue for June. The bank's top picks are MGM China (02282) and Wynn Macau (01128), followed by Sands China (01928), and Galaxy Entertainment (00027).
Individual Investors Own 34% of SJM Holdings Limited (HKG:880) Shares but Private Companies Control 55% of the Company
Key Insights Significant control over SJM Holdings by private companies implies that the general public has more power to influence management and governance-related decisions 55% of the company is
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CICC: Macau's total gaming revenue is expected to be between 18 billion and 19.5 billion in June this year, Macau's head of state chose MGM China (02282)
CICC expects total gaming revenue in Macau to be between MOP 18 billion and MOP 19.5 billion in June this year.
Changes in Hong Kong stocks | MGM China (02282) rose more than 4%, leading the way in gaming stocks, Macau's gaming revenue in May surpassed MOP 20 billion, up nearly 30% year-on-year
Gaming stocks rose collectively. As of press release, MGM China (02282) rose 4.46% to HK$14.52; Galaxy Entertainment (00027) rose 3.07% to HK$38.65; and Aobo Holdings (00880) rose 2.46% to HK$2.92.
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