<div id="readability-page-1"><div>UBS said in a report that, based on its channel checks, Macau mass GGR in April rose about 3% on a daily average basis compared with 1Q26 and increased nearly 11% YoY. VIP GGR on a daily average basis fell nearly 39% compared with 1Q26 and declined nearly 13% YoY. In terms of individual operator performance, GALAXY ENT (00027.HK) +0.420 (+1.296%) Short selling $123.32M; Ratio 24.451% was the biggest market share gainer in April, rising nearly 250 bps MoM and up nearly 90 bps compared with 1Q26. WYNN MACAU (01128.HK) +0.110 (+1.968%) Short selling $7.59M; Ratio 27.533% followed, with market share up nearly 200 bps MoM and up nearly 150 bps compared with 1Q26.The bank noted that the market share gains of the two operators mainly came from share losses at SANDS CHINA LTD (01928.HK) +0.190 (+1.193%) Short selling $81.47M; Ratio 37.581% . SANDS CHINA LTDs market share in April fell nearly 300 bps MoM and declined nearly 360 bps compared with 1Q26, possibly due to weaker seasonality and win rate volatility. MGM CHINA (02282.HK) +0.230 (+2.059%) Short selling $23.58M; Ratio 50.466% maintained a stable market share of about 18% MoM, and rose nearly 180 bps QoQ compared with 1Q26.Compared with market consensus, the market shares of MGM CHINA and WYNN MACAU appear to be ahead of expectations, while that of SANDS CHINA LTD lagged.The banks ratings and target prices for the relevant stocks are as follows:Stock | Investment Rating | TPMelco Resorts &amp; Entertainment Limited (MLCO.US) | Buy | USD9.4 WYNN MACAU (01128.HK) +0.110 (+1.968%) Short selling $7.59M; Ratio 27.533% | Buy | HKD8.4 MGM CHINA (02282.HK) +0.230 (+2.059%) Short selling $23.58M; Ratio 50.466% | Buy | HKD16.8 SANDS CHINA LTD (01928.HK) +0.190 (+1.193%) Short selling $81.47M; Ratio 37.581% | Buy | HKD20.4 GALAXY ENT (00027.HK) +0.420 (+1.296%) Short selling $123.32M; Ratio 24.451% | Buy | HKD46 MELCO INT'L DEV (00200.HK) +0.090 (+2.228%) Short selling $3.46M; Ratio 37.185% | Buy | HKD5.3 SJM HOLDINGS (00880.HK) -0.020 (-0.971%) Short selling $9.46M; Ratio 68.986% | Sell | HKD2.2(hc/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-05 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)</div>This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</div>

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UBS reported that Macau's mass GGR rose about 3% in April compared to Q1 2026, with a nearly 11% YoY increase. GALAXY ENT gained the most market share, up nearly 250 bps MoM, while WYNN MACAU increased by nearly 200 bps. SANDS CHINA saw a decline of nearly 300 bps MoM. MGM CHINA maintained stable market share. UBS's ratings for stocks include 'Buy' for GALAXY ENT, WYNN MACAU, MGM CHINA, and others, with target prices set for each.

UBS: GALAXY ENT , WYNN MACAU Gain GGR Market Share in April