智通财经网·2026-01-14 03:03Core Insights - UBS reports that the average daily gaming revenue in Macau over the past seven days was approximately 693 million MOP, lower than the 800 million MOP in the first four days of the month [1] - Year-to-date, the average daily gaming revenue stands at about 732 million MOP, reflecting a year-on-year increase of approximately 24% and a month-on-month increase of about 9%, outperforming the seasonal growth of around 2% from 2015 to 2019 [1] Business Segment Performance - In the various business segments, the mass market gaming revenue daily run rate increased by 8% to 10% month-on-month, while the VIP room turnover grew by 6% to 8% [1] - The win rate for VIP rooms was reported at 2.7% to 2.9%, compared to a win rate below 3% in December [1] Market Expectations - The market anticipates an average daily gaming revenue of approximately 677 million MOP for January, which represents a year-on-year growth of about 15% [1] - To meet this expectation, the average daily run rate for the remaining 20 days of January needs to reach around 647 million MOP [1] Valuation Metrics - The gaming sector is currently trading at 8.8 times the estimated enterprise value/EBITDA for 2026, which is 0.6 standard deviations below its two-year average [1] - UBS prefers Galaxy Entertainment (00027) and Wynn Macau (01128) as top picks within this sector [1]