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Changes in Hong Kong stocks | Gaming stocks continue to decline, Macau's gaming revenue in September fell short of expectations, and gaming revenue weakened during the 11th Golden Week
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The Zhitong Finance App learned that gaming stocks continued to decline. As of press release, Wynn Macau (01128) fell 3.08% to HK$4.87; MGM China (02282) fell 2.24% to HK$9.175; and Sands China (01928) fell 2.13% to HK$11.03.

According to the news, the Macau Gaming Inspection and Coordination Bureau announced that gross gaming revenue in September was MOP 18.06 billion, down 1.2% year on year, lower than market expectations. It was 2.2% higher than market expectations. It fell for 4 consecutive months, and fell 17.5% month-on-month. In the first nine months of this year, Macau's gross gaming revenue was MOP 187.12 billion, up 3.2% year on year.

Furthermore, Macau's gaming revenue weakened during the 11th Golden Week. From October 1 to 4, the Macau industry's gross gaming revenue is expected to be around MOP 4.1 billion, an average of MOP 1,025 billion per day, down 5% to 7% from the previous year. Motong Daikon predicted a 5% year-on-year decline in overall gaming revenue during the 11th National Day Golden Week and October, and the performance was slightly lower than expected.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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