Changes in Hong Kong stocks | Gaming stocks collectively rose, and average daily gambling revenue showed a recovery trend in July, Citi says World Cup disruptions continue to subside

The Zhitong Finance App learned that gaming stocks rose collectively. As of press release, Sands China (01928) rose 4.17% to HK$13.75; Macau International Development (00200) rose 3.24% to HK$3.5; Wynn Macau (01128) rose 3.03% to HK$5.44; and MGM China (02282) rose 2.55% to HK$10.45.

According to the news, according to industry data, Macau's total gaming revenue for the first 19 days of July is estimated to be around MOP 12.05 billion. The average daily gambling revenue of about MOP 679 million last week was about 9% higher than the average of about 621 million patacas on July 6, showing a recovery trend. Citi said the latest weekly data appears to show that the disruption caused by global soccer matches continues to subside.

HSBC, on the other hand, said that with the end of the World Cup, the number of visitors is expected to pick up in summer. In addition, Macau continues to host non-gaming events, and gambling revenue is expected to gradually improve month by month. If the average daily gambling revenue for the rest of the month remains between MOP 670 million and MOP 740 million, gambling revenue for the full month of July will reach MOP 201 billion to MOP 20.9 billion, which means a year-on-year decline of 5 to 9%, which is a significant improvement over the 12% decline in June.