---
title: "HSBC Research estimates that October gaming revenue will reach MOP 23.1 billion, continues to recommend buying Galaxy Entertainment and MGM China"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/262154245.md"
description: "HSBC's research report indicates that the expected revenue for the Macau gaming industry in October is between MOP 22.3 billion and MOP 23.1 billion, with an average daily gaming revenue of MOP 620 million to MOP 690 million, representing a year-on-year growth of 7% to 11%. Despite the slowdown in gaming revenue, HSBC maintains a \"Buy\" rating for Galaxy Entertainment Group and MGM China, with target prices of HKD 43 and HKD 17.1 respectively, believing that Galaxy can attract high-end customers and MGM is expected to consolidate its market share"
datetime: "2025-10-22T03:21:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/262154245.md)
  - [en](https://longbridge.com/en/news/262154245.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/262154245.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/262154245.md) | [繁體中文](https://longbridge.com/zh-HK/news/262154245.md)


# HSBC Research estimates that October gaming revenue will reach MOP 23.1 billion, continues to recommend buying Galaxy Entertainment and MGM China

HSBC Research published a report indicating that the average daily gaming revenue in Macau for the third week of October was MOP 743 million, an increase of 25% week-on-week. From the beginning of the month to today, the average gaming revenue has been MOP 782 million, a year-on-year growth of 7%, which is 28% higher than September. It is predicted that the gaming revenue for October will be between MOP 22.3 billion and MOP 23.1 billion, meaning that the average daily gaming revenue for the remaining time will be between MOP 620 million and MOP 690 million, with a year-on-year growth rate of 7% to 11%, accelerating from about 6% in September.

As gaming revenue slows down, the bank believes that the upside potential for gaming stocks may be limited in the short term. It maintains a "Buy" rating for Galaxy Entertainment (00027.HK) and MGM China (02282.HK), with target prices remaining at MOP 43 and MOP 17.1, respectively. It is expected that Galaxy Entertainment's JW Marriott Hotel will continue to attract high-end customers, while MGM China is expected to consolidate its market share

### Related Stocks

- [Galaxy Entertainment Group Limited (GXYYY.US)](https://longbridge.com/en/quote/GXYYY.US.md)
- [GALAXY ENT (00027.HK)](https://longbridge.com/en/quote/00027.HK.md)
- [MGM CHINA (02282.HK)](https://longbridge.com/en/quote/02282.HK.md)

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