Understanding the Market | Gambling stocks lead the decline, the suspension of satellite casinos has limited impact on leading companies, and Macau previously lowered its annual gross gaming revenue forecast
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Gaming stocks generally fell, with PARADISE ENT down 8%, Sands China down 4.13%, MELCO INT'L DEV down 3.21%, and MGM CHINA down 2.74%. The three licensed gaming companies in Macau will cease operations of 11 satellite casinos by the end of 2025, and the satellite casino model will exit the market. CITIC Securities believes that this event will have a limited impact on leading companies. The Macau government has lowered its forecast for gross gaming revenue in 2025 from MOP 240 billion to MOP 228 billion, with the annual growth rate reduced from 5.8% to 0.5%
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