Ge Long Hui·2025-10-14 02:54Group 1 - Hong Kong gaming stocks continue to decline, with Melco International Development down 5%, Sands China down nearly 4%, Galaxy Entertainment down over 3%, MGM China down 2.7%, and Wynn Macau down 1.7% [1] - According to a report by Citi Research, the Macau gaming industry is expected to see a year-on-year EBITDA growth of 10% to $2.063 billion in Q3, driven by a 12.5% year-on-year increase in gross gaming revenue (GGR) [1] - However, adjusted profit margins are expected to be under pressure, with a projected quarterly decline of 0.5 percentage points due to a 33-hour casino shutdown caused by Typhoon Haikui [1] Group 2 - The resilience of gaming revenue post-Golden Week and the reinvestment activities of gaming companies will be key focus areas for the market [1] - The firm has revised its EBITDA forecasts for the industry downwards by 1.4% and 0.5% for this year and next year, respectively, anticipating a 7% year-on-year increase in industry EBITDA to $8.2 billion for this year [1]