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Citi: Maintains forecast of 18 billion yuan total gaming revenue in Macau this November.
The Macau Government Tourism Office expects that the upcoming Macau Grand Prix will attract over 0.4 million tourists.
Since the beginning of this year, Macau has received over 30 million visitors, with a 33% year-on-year increase in mainland visitors.
According to the Macau Daily, based on Macau security police data, as of yesterday (10th), Macau has recorded over 30 million arrivals of tourists this year, with a daily average of 0.095 million arrivals, reaching about 87% of pre-epidemic levels in 2019, with 70% of them being mainland tourists. On February 12th (the third day of the new year), the highest daily influx of the year was recorded, reaching 0.217 million arrivals. According to security police data, as of yesterday at noon, Macau's total number of inbound tourists this year has exceeded 30 million, surpassing last year's full-year total of 28.25 million. Among the inbound tourists, mainland tourists account for 70%, as opposed to last year.
HK Stock Market | melco int'l dev (00200) rises more than 4% as its subsidiary Melco Crown Asia third-quarter performance exceeds expectations.
Melco Int'l Dev (00200) rose more than 4%, as of press time, up 4.11%, at 5.32 Hong Kong dollars, with a turnover of 20.1749 million Hong Kong dollars.
Macau casino stocks rose, with Wynn Macau (01128) up 2.52%. Consumer spending for the first three quarters increased by 8% year-on-year, but Goldman Sachs believes that Macau gaming revenue growth will slow down in the future.
Golden Financial News | Macau casino stocks collectively rose, with Wynn Macau (01128) up 2.52%, Paradise Ent (01180) up 2.2%, Melco Int'l Dev (00200) up 1.76%, Sands China (01928) up 1.66%, mgm china (02282) up 1.37%. According to statistics from the Macau SAR Government Statistics and Census Service, total consumer spending by tourists in the first three quarters of 2024 increased by 8% year-on-year to 56.21 billion Macau Patacas, mainly driven by a significant 30.1% increase in tourist arrivals in the first three quarters compared to the same period last year. Among them, the total consumption of staying and non-staying tourists
Macau's total consumer spending on tourists in the first three quarters has increased by 8% annually, with an average consumption of 2,168 Macau dollars.
The Statistics and Census Service of Macao SAR Government announced that the total consumer spending of tourists in the first three quarters of this year (excluding gambling) increased by 8% to 56.21 billion Macao Patacas (MOP), mainly due to a significant annual growth of 30.1% in the number of tourists. Among them, the total consumer spending of lodging tourists and non-overnight tourists increased by 5.1% and 22.9% respectively year-on-year. Compared to the same period in 2019, total tourist spending increased by 17.5%. During the period, the average tourist expenditure was MOP 2,168, a 17% year-on-year decrease, but a 36.9% increase compared to the same period in 2019. The main expenditure of tourists was on shopping, followed by lodging and dining. (js/w)~
[Brokerage Focus] htsc maintains a buy rating on Sands China Ltd. (00200), indicating Sands Macao's GGR recovery is below industry average.
King's Wealth News | htsc research pointed out that melco int'l dev(00200) subsidiary Melco Resorts & Entertainment Limited(MLCO.US) released its 24Q3 financial report before the US market on November 5th, with MLCO's stock price rising by about 4% after opening, mainly due to better-than-expected EBITDA Margin. The bank believes that in the 24Q3 Macau business: 1) EBITDA Margin has improved quarter-on-quarter since this year, but has not yet reached the level of the same period in 2019; 2) The company mentioned in the conference call that it may resume dividend distribution in the second half of 2025, after suspending quarterly dividends until 20Q1; 3) However, the total
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