No Data
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 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 Gaming Revenue Jumps 6.6% in October, Beats Estimates
CLSA Starts Paradise Entertainment at Outperform With HK$1.30 Price Target
Express News | Citic Lynton Securities: Initiate a outperform rating on Paradise Entertainment compared to the large cap.
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.
No Data
No Data