CT-MGMC@EC2609A

CLSA: Macau's February Gambling Revenue Up 4.5%, Predicts 9.7% Growth in March

CLSA Predicts 7.4% YoY Growth in Macau's February Gaming Revenue

MGM China Holdings Warns Investors About Financial Data Differences

Macquarie Upgrades MGM China's Target Price

CICC Maintains MGM China's Outperform Industry Rating and Analyzes Performance

CLSA Reports MGM China Q4 2025 EBITDA Growth of 29%

MGM China Announces Record Financial Performance

MGM China Holdings Warns of Uncomparable Financial Data

MGM China's Q4 Preliminary Net Revenue Up 21.6% YoY

MGM China reports annual net income of $4.46 billion

Morgan Stanley Report: Macau's VIP Table Revenue Up 45% in Q4

MGM China expects strong growth in gambling industry in 2026 and undergoes property upgrades

Goldman Sachs Analyzes MGM China's Financial Impact and Maintains Buy Rating

Goldman Sachs Report: Macau's Gambling Revenue Growth, MGM Rating Cut

CITIC CLS predicts 5% growth in Macau's gaming revenue to 32.3 billion USD by 2026

MGM China License Fee Increased, Macquarie Downgrades Target Price

Morgan Stanley Adjusts Ratings and Target Prices for Macau's Gaming Companies

Morgan Stanley: MGM China's License Fee Doubles to 1.2 Billion Next Year

MGM China Obtains MGM Brand License Until 2032

MGM China signs new long-term brand agreement

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Citigroup expects Macau's gaming revenue to reach MOP 22.5 billion in March, a year-on-year increase of 14%. The total gaming revenue for February was MOP 20.627 billion, averaging about MOP 737 million per day, exceeding expectations. The combined gaming revenue for the first two months was MOP 43.3 billion, an increase of 14%. Several concerts are scheduled for March, which is expected to further boost gaming revenue growth

AASTOCKS

MELCO INT'L DEV

VanEck Gaming ETF

Galaxy Entertainment Group

SJM HOLDINGS

MGM CHINA

SANDS CHINA LTD

Melco Resorts & ENT

MGM Resorts

Wynn Resorts

WYNN MACAU

Sands China

SEM HLDGS

Las Vegas Sands

GALAXY ENT

Citi expects Macau's gaming revenue to reach 22.5 billion yuan in March, up 14% year-on-year

JP Morgan's report shows that Macau's gaming revenue in February increased by 4% year-on-year, reaching MOP 20.6 billion, exceeding expectations. The demand from high-end customers drove the average daily revenue in the last week to MOP 1 billion. In the first two months, GGR grew by 14%, recovering to 86% of pre-pandemic levels. Despite poor GGR performance in March, JP Morgan remains optimistic about Galaxy Entertainment, with a target price of HKD 52. Sands China and MGM China have target prices of HKD 22 and HKD 18, respectively, both receiving an "overweight" rating. SJM Holdings and Melco International Development received a "reduce" rating

Morgan Stanley: Macau's February gaming revenue exceeds expectations, urges to maintain selective preference for Galaxy Entertainment

Macau's gaming revenue rose by 4.5% in February, exceeding expectations, driven by a surge in tourist arrivals during the Lunar New Year. This increase highlights the critical role of tourism in Macau's economy, especially during festive periods. The positive revenue performance indicates a strong start to the year as the city recovers from past economic difficulties.

CoinLive

Macau's Gaming Revenue Surges in February Amid Lunar New Year Boost

Macau's gaming revenue rose 4.5% in February, reaching 20.62 billion patacas, surpassing analyst estimates of 1% growth, thanks to a boost from Chinese New Year tourism. This revenue is 81.3% of pre-pandemic levels. However, casinos face profit margin pressures due to competition for mass-market players and a decline in VIP clients following regulatory changes. Operators must manage costs while attracting gamblers, amid challenges from China's economic slowdown and property market issues.

Businesstimes News

Macau gaming revenue beats estimate on Chinese New Year boom

HSBC Global Research report pointed out that tourism consumption in Macau during the Spring Festival showed resilience, with total revenue of MOP 14.3 billion in the first 22 days and an average daily revenue of MOP 786 million. The number of visitors to Macau increased by 13% to 14% year-on-year. The research maintains a "Buy" rating for Sands China, Galaxy Entertainment, and MGM China, expecting Sands China to have a price-to-earnings ratio of 14.8 times, a target price of MOP 47 for Galaxy Entertainment, and a target price of MOP 17 for MGM China

"Large Banks" Huizheng: The Spring Festival passenger flow demonstrates the resilience of tourism consumption, maintaining "Buy" ratings for Sands China, Galaxy Entertainment, and MGM China

Citigroup's report shows that the Macau gaming industry started strong in the Year of the Horse, with high-end mid-market per capita bets reaching a record high of MOP 29,625, an increase of 13% compared to last year. It was observed that the number of high rollers with bets exceeding MOP 500,000 increased to 7, and the minimum bet for baccarat rose to MOP 2,347. Citigroup is optimistic about Macau's total gaming revenue forecast for 2026, expecting a growth of 1% to MOP 20 billion. Gaming stocks performed well, with Galaxy Entertainment seeing the largest increase of 3.1%

Stheadline

Citigroup expects Macau's gaming industry to have a strong start in the Year of the Horse, with high-end mid-market per capita betting reaching a new high

The UBS research report shows that during the Spring Festival holiday, Macau's average daily gaming revenue was approximately MOP 786 million, lower than the market expectation of MOP 900 million to MOP 950 million. Despite weak initial demand, the transaction volume accelerated in the last three days of the holiday, reaching an average of MOP 1.2 billion to MOP 1.3 billion per day. UBS's top picks are Melco Resorts & Entertainment, WYNN MACAU, and MGM CHINA as industry favorites, along with corresponding investment ratings and target prices

UBS: Macau's average daily gaming revenue during the Spring Festival holiday fell short of expectations, with Melco Resorts, WYNN MACAU, and MGM CHINA as top picks

Citi released a research report indicating that the Macau gaming industry has had a strong start, with high-end mass market performance continuing to strengthen and average betting amounts reaching record highs. It is expected that February's gaming revenue will grow by 1% to MOP 20 billion. Citi is optimistic about Galaxy Entertainment and has given it a buy rating with a target price of HKD 54. Other ratings for Macau gaming stocks include buy for MGM China at HKD 18.25, buy for Sands China at HKD 23, buy for Wynn Macau at HKD 7.55, sell for SJM Holdings at HKD 2.23, and buy for Melco Resorts at USD 10.5

"Big Banks" Citigroup: Macau's gaming industry starts strong, most optimistic about Galaxy Entertainment

Citigroup expects Macau's gaming revenue to reach MOP 20 billion in February this year, a year-on-year increase of 1%. During the first seven days of the Lunar New Year golden week, the number of visitors to Macau reached 1.2125 million, with mainland visitors accounting for 76.9%. The bank believes that the visitor trend in Macau is positive and aligns with the predictions of the tourism bureau. It is expected that the average daily gaming revenue from February 19 to 23 will be MOP 1.1 billion, while the average daily gaming revenue on other days will be around MOP 750 million

Studio City

Citi expects Macau's February gaming revenue to reach MOP 20 billion, a year-on-year increase of 1%

Hot trading industry trends on August 7 and related Hong Kong semiconductor stocks. Hong Kong semiconductor stocks opened lower in early trading but then surged strongly, with Innoscience gaining over 11%, and industry leader SMIC rising over 3%. Core logic: On the news front, on August 1, Innoscience officially responded to rumors of collaboration with NVIDIA. The announcement stated that the company has recently partnered with global AI technology leader NVIDIA to jointly promote the large-scale implementation of the 800VDC (800-volt direct current) power architecture in AI data centers. Clear signals of a cyclical bottom: Global semiconductor inventory reduction is nearing its end...

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Apple

Hot Trades in Hong Kong Stocks (8.7)｜ Chip Stocks Rebound Strongly, Apple Supply Chain Follows; Xiaomi and Pharmaceuticals Retreat Under Pressure

CT-MGMC@EC2609A(25046.HK)

Citi expects Macau's gaming revenue to reach 22.5 billion yuan in March, up 14% year-on-year

Morgan Stanley: Macau's February gaming revenue exceeds expectations, urges to maintain selective preference for Galaxy Entertainment

Macau's Gaming Revenue Surges in February Amid Lunar New Year Boost

Macau gaming revenue beats estimate on Chinese New Year boom

"Large Banks" Huizheng: The Spring Festival passenger flow demonstrates the resilience of tourism consumption, maintaining "Buy" ratings for Sands China, Galaxy Entertainment, and MGM China