Changes in Hong Kong stocks | Gaming stocks collectively picked up, Macau gambling revenue fell year on year in March, institutions are optimistic about 6% year-on-year increase in September

The Zhitong Finance App learned that gaming stocks are recovering collectively. As of press release, MGM China (02282) rose 3.70% to HK$10.65; Macau International Development (00200) rose 2.81% to HK$3.29; and Aobo Holdings (00880) rose 2.10% to HK$1.46.

According to the news, the Macau Gaming Inspection and Coordination Bureau recently announced that gambling revenue in August was MOP 21.89 billion, down 1.2% from year to year, falling for the third month in a row, and rising 8.1% on a monthly basis. In the first 8 months, Macau's gaming revenue increased by 3.7% year-on-year to MOP 169.05 billion.

According to a research report published by Haitong International, gambling revenue in Macau fell 1.2% year-on-year in August, slightly lower than market expectations. The year-on-year decline in August was narrower than in July, mainly driven by the peak summer season. The bank pointed out that the summer season continues to drive market recovery. Haitong International expects industry gambling revenue to increase by 6% year-on-year in September and return to 87.8% in 2019, mainly affected by the low base caused by the 33-hour shutdown of casinos disrupted by the typhoon in the same period last year.