<div id="readability-page-1"><div>CICC issued a research report stating that Macau's GGR in May was MOP22.6 billion, up 6.7% YoY and 13.7% MoM, slightly above the market's forecast of a 5% YoY increase. During the month, average daily GGR reached MOP729 million, representing a 10% increase compared with April. The broker believes May's performance was mainly attributable to the Labour Day holiday and multiple large-scale entertainment events held in Macau, which helped attract visitor traffic.CICC expects Macau's GGR in June this year to range between MOP19.5 billion and MOP21 billion, with average daily GGR of MOP650 million to MOP700 million, representing a YoY decline of 0% to 7%. Compared with the same period in 2019, GGR would decrease by 12% to 18%, mainly due to the seasonal diversion effect of the World Cup on Macau's gaming demand.Among Macau gaming stocks, the broker remains most bullish on SANDS CHINA LTD (01928.HK) +0.320 (+2.013%) Short selling $59.17M; Ratio 24.845% , followed by GALAXY ENT (00027.HK) +0.540 (+1.689%) Short selling $46.98M; Ratio 13.648% , MELCO INT'L DEV (00200.HK) +0.120 (+3.117%) Short selling $2.19M; Ratio 16.936% , WYNN MACAU (01128.HK) +0.250 (+4.417%) Short selling $16.35M; Ratio 26.340% , Melco Resorts &amp; Entertainment Limited (MLCO.US) , and lastly SJM HOLDINGS (00880.HK) +0.030 (+1.554%) Short selling $5.45M; Ratio 29.059% . (sl/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-01 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)</div></div>

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CICC expects Macau's June GGR to range between MOP19.5B and MOP21B, reflecting a YoY decline of 0-7% due to World Cup seasonal effects. May GGR reached MOP22.6B, up 6.7% YoY, driven by holidays and events. CICC remains most bullish on Sands China, followed by Galaxy Entertainment, Melco International Development, Wynn Macau, Melco Resorts, and SJM Holdings.

CICC Expects Macau Jun GGR at MOP19.5B-21B