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Hong Kong stock market anomaly: Macau gambling stocks all rose, Macau's lucky gambling gross revenue in October increased by 6.6% year-on-year.
Grey Finance on November 1st: Sands China rose more than 5%, mgm china, wynn macau rose more than 1%, galaxy ent, melco int'l dev, and sjm holdings all saw gains. The Macau Gaming Inspection and Coordination Bureau announced today that Macau's gross gaming revenue in October increased by 6.6% year-on-year to 20.787 billion Macau patacas; gross gaming revenue from January to October this year was 190.142 billion Macau patacas, a 28.1% increase year-on-year. In previous estimates from major banks, jpmorgan had predicted that Macau's total gaming revenue for October could reach around 22 billion Macau patacas, with a preference for galaxy ent and Sands China. Citigroup had maintained its October gambling revenue forecast for Macau as
HK Stock Market News | Sands China (01928) rose more than 4% in the afternoon, with third-quarter performance exceeding expectations. It may be able to resume dividends and repurchase shares in the coming years.
Sands China (01928) rose more than 4% in the afternoon, as of the press release, up 4.19% to HK$20.65, with a turnover of 0.252 billion Hong Kong dollars.
Macau's gambling revenue in October increased by 6.6% year-on-year to 20.787 billion, surpassing expectations.
The Macau Gaming Inspection and Coordination Bureau announced that in October this year, the gross gaming revenue from gambling amounted to 20.787 billion Macau dollars, an increase of 6.6% year-on-year, lower than the earlier Citigroup forecast of 21.5 billion Macau dollars. For the first ten months of this year, Macau's gross gaming revenue from gambling increased by 28.1% year-on-year to 190.142 billion Macau dollars.
Express News | Macau Says October Gambling Revenue up 6.6 Pct From a Year Earlier to 20.8 Bln Patacas
Macau plans to enact legislation to regulate that tour guides of tour groups must wear a 'tour guide certificate', with a maximum penalty of 0.02 million Macau dollars for violators.
Mainland social media reports that mainland tourists visiting Macau have recently been required to pay an entrance fee when entering Macau casinos, with tour guides even claiming it is a requirement by the Macau government. The Macau Legislative Assembly conducted detailed discussions on the Regulations of the Law on Travel Agency Business and Tour Guide Profession yesterday (29th), suggesting that tour guides must wear their tour guide badges when performing duties in Macau and display them prominently. Violators will be fined between 0.01 million and 0.02 million Macau Patacas. The bill also proposes that only individuals issued with tour guide badges by the Macau Government Tourist Office may provide legal tour guide services to customers and group members locally, and recommends that tour guides may only provide tour guide services when assigned by travel agencies.
Macau's hotel average occupancy rate in September increased by 6.4 percentage points to 84.7% annually.
According to the data from the Statistics and Census Service of Macao, the average occupancy rate of hotel establishments in September this year increased by 6.4 percentage points to 84.7% annually. The number of guests decreased by 2.1% annually to 1.112 million, with an average stay of 1.6 nights. In the first three quarters, the average occupancy rate of hotel establishments increased by 4.8 percentage points annually to 85.4%, with a 11.2% increase in guests to 10.889 million, and the average stay of guests remained at 1.7 nights. At the end of the third quarter, there were a total of 144 hotel establishments providing lodging services to the public, an increase of 7 compared to the previous year, with a decrease of 3.3% in the number of available rooms to 4.
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