The Zhitong Finance App learned that UBS released a research report saying that Macau's gross gaming revenue in July was about 20.3 billion patacas, down about 8% year on year and up about 9% month on month. Partly dragged down by the World Cup tournament held in early July. The average daily gaming revenue during the period was about MOP 654 million, an increase of about 6% over the previous month, which is generally in line with market expectations. UBS said that with the end of the World Cup, the average daily gaming revenue on the last 12 days of July rose back to about MOP 684 million, compared to about MOP 634 million in the first 19 of July. The market expects average daily gaming revenue of about MOP 724 million in August, up about 1.3% year on year and 11% month on month. UBS listed Melco Entertainment (MLCO.US) and Sands China (01928) as preferred stocks. The target prices were $10.2 and HK$18.7, respectively, with a rating of “buy”.

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