Ge Long Hui·2026-01-02 04:21Group 1 - The core viewpoint of the report is that Macau's gaming revenue in December increased by 14.8% year-on-year to MOP 20.89 billion, aligning with the bank's forecast but falling short of market expectations by 3% [1] - The average daily gaming revenue for the last ten days of December was MOP 624 million, compared to MOP 698 million for the first 21 days of the month [1] - Despite potential negative investor sentiment regarding the data, the bank remains optimistic that the continued appreciation of the RMB against the USD will support gaming revenue performance [1] Group 2 - For January, the bank forecasts a year-on-year growth of 18% in Macau's gaming revenue, reaching MOP 21.48 billion, which is 3% higher than market predictions [1] - The bank maintains its preferred stocks as Galaxy Entertainment and MGM China [1] - The bank projects that Macau's total gaming revenue will grow by 5% annually by 2026, slightly below the market expectation of 5.5%, indicating an average daily gaming revenue of MOP 709 million [1]