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博彩股普遍走高 澳门7月博彩收入同比增长19% 小摩维持对博彩股乐观看法
Zhi Tong Cai Jing· 2025-08-05 02:06
Group 1 - Macau gaming stocks have generally risen, with notable increases in share prices for companies such as 澳博控股 (Amax Holdings) up 5.14%, 新濠国际发展 (Melco International Development) up 4.46%, 永利澳门 (Wynn Macau) up 2.76%, and 美高梅中国 (MGM China) up 2.03% [1] - The Macau Gaming Inspection and Coordination Bureau reported that the gross gaming revenue for July reached 22.125 billion MOP, a year-on-year increase of 19%. The cumulative gross gaming revenue for the first seven months of the year was 140.896 billion MOP, reflecting a 6.5% year-on-year growth [1] - Morgan Stanley's report indicates that July's gaming revenue growth of 19% to 22.1 billion MOP is a new high since the pandemic, significantly exceeding market expectations of a 13% increase, and has recovered approximately 90% compared to pre-pandemic levels [1] Group 2 - The strong data from July counters the argument that June's growth was solely driven by a concert event, suggesting that demand in Macau has been improving since the second quarter, particularly among high-end clientele in VIP and premium mass gaming segments [2] - The recovery of high-end customers since April indicates that Macau's recovery may serve as a leading indicator for high-end consumption in China [2] - With two out of three gaming companies reporting second-quarter earnings that significantly exceeded expectations, this alleviates market concerns regarding intensified competition due to increased promotional activities by Sands China [2]