---
title: "HSBC Research estimates that Macau's March gaming revenue will reach a maximum of MOP 22.4 billion, continuing to recommend buying Sands China, Galaxy Entertainment, and MGM China"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/278504375.md"
description: "HSBC Research expects Macau's March gaming revenue to reach MOP 21.3 billion to MOP 22.4 billion, representing a year-on-year growth of 8% to 14%. Currently, the average daily gaming revenue for the first 8 days of March is MOP 706 million, which is 4% lower than the levels in January and February. The bank maintains a \"Buy\" rating on Sands China, Galaxy Entertainment, and MGM China, with target prices of MOP 22.5, MOP 49, and MOP 17, respectively"
datetime: "2026-03-10T06:39:23.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278504375.md)
  - [en](https://longbridge.com/en/news/278504375.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278504375.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/278504375.md) | [English](https://longbridge.com/en/news/278504375.md)


# HSBC Research estimates that Macau's March gaming revenue will reach a maximum of MOP 22.4 billion, continuing to recommend buying Sands China, Galaxy Entertainment, and MGM China

HSBC Research published a report indicating that the total gaming revenue in Macau for the first eight days of March was MOP 5.65 billion, implying an average daily gaming revenue of MOP 706 million, a week-on-week decline of 33%. Overall, the average daily gaming revenue from March to date is 4% lower than the combined level of January and February, which roughly aligns with historical seasonal trends.

The bank stated that non-gaming activities in Macau are expected to continue recovering in the coming months. If the average daily gaming revenue in March can be maintained between MOP 680 million and MOP 730 million, the total gaming revenue for March could reach MOP 21.3 billion to MOP 22.4 billion, representing a year-on-year growth of 8% to 14%.

The bank continues to give Sands China (01928.HK) a "Buy" rating with a target price of MOP 22.5, expecting that its ongoing initiatives will successfully maintain market share growth. The bank is also optimistic about Galaxy Entertainment (00027.HK), anticipating that the Galaxy Macau will continue to support high-end demand, assigning a "Buy" rating and a target price of MOP 49. Additionally, it maintains a "Buy" rating for MGM China (02282.HK) with a target price of MOP 17

### 相關股票

- [MGM Resorts (MGM.US)](https://longbridge.com/zh-HK/quote/MGM.US.md)
- [GALAXY ENT (00027.HK)](https://longbridge.com/zh-HK/quote/00027.HK.md)
- [Galaxy Entertainment Group (GXYYY.US)](https://longbridge.com/zh-HK/quote/GXYYY.US.md)
- [VanEck Gaming ETF (BJK.US)](https://longbridge.com/zh-HK/quote/BJK.US.md)
- [Sands China (SCHYY.US)](https://longbridge.com/zh-HK/quote/SCHYY.US.md)
- [Invesco Leisure & ENT ETF (PEJ.US)](https://longbridge.com/zh-HK/quote/PEJ.US.md)
- [Roundhill Sports Betting & iGaming ETF (BETZ.US)](https://longbridge.com/zh-HK/quote/BETZ.US.md)
- [SANDS CHINA LTD (01928.HK)](https://longbridge.com/zh-HK/quote/01928.HK.md)
- [MGM CHINA (02282.HK)](https://longbridge.com/zh-HK/quote/02282.HK.md)
- [Las Vegas Sands (LVS.US)](https://longbridge.com/zh-HK/quote/LVS.US.md)

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