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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.
Macau Gaming Revenue Jumps 6.6% in October, Beats Estimates
In the first ten months, the passenger volume of Macau International Airport increased by 56.9% annually to 6.34 million people.
Macau International Airport data shows that in the first ten months of this year, the number of passengers reached 6.34 million, an increase of 56.92% year-on-year; there were 0.049 million takeoffs and landings, an increase of 49.37% year-on-year. Compared with the same period in 2019, the number of passengers and takeoffs and landings have recovered by approximately 80% and 78% respectively. In the first three quarters of the year, passengers entering Macau with international passports accounted for 15% of the total inbound passengers at the airport, doubling year-on-year, indicating that Macau International Airport is gradually recovering and moving towards new heights of development.
macau legend [01680] is now trading at 0.14 Hong Kong dollars, down 10.26%.
As of 13:58, Macau Legend [01680] reported HK$0.14, compared to yesterday's closing price of HK$0.156, a decrease of HK$0.016 or 10.26%, with a turnover of 1.2184 million Hong Kong dollars. The highest price today is HK$0.16, and the lowest price is HK$0.14. Based on yesterday's closing price, the 10-day average price is HK$0.15, the 50-day average price is HK$0.11, and the current P/E ratio is -195.00 times, with a 14-day relative strength index of 56.72.
In Macau, the third quarter tourism price index of indices rose by more than 4% per quarter, benefiting from the rebound in hotel room prices during the summer vacation.
The Statistics and Census Service of Macao recently announced that the Macao tourism price index for the third quarter of this year was 147.22, up 4.29% year-on-year. Among the price indices of major categories, the price index of jewelry increased by 13.68% year-on-year, driving the price index of miscellaneous items to rise by 6.14%, the price index of clothing and footwear to rise by 3.52% year-on-year, and the price index of lodging and dining to rise by 3.52% year-on-year.
Hong Kong stocks fluctuate | Macau casino stocks continue to decline, with Macau casino profit margins under pressure. Institutions expect the industry's EBITDA in the third quarter to decline compared to the previous quarter.
Macau casino stocks continued to decline. As of the time of publication, galaxy ent (00027) dropped by 4.29%, closing at 35.7 Hong Kong dollars; Sands China (01928) dropped by 4.17%, closing at 18.4 Hong Kong dollars; mgm china (02282) dropped by 3.87%, closing at 10.44 Hong Kong dollars.
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