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Casinos In Good Shape on MO Jun GGR Beat; GALAXY ENT Opens Up 9%
Recommend 24 Positive 44 Negative 11 |
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Macau's GGR in June climbed 19% YoY, beating expectations. Related gaming stocks fared well this morning. GALAXY ENT (00027.HK) opened 9.04% higher today at $38, with a turnover of 3.2482 million shares, involving $123 million. SANDS CHINA LTD (01928.HK) opened 6% higher at $17.32, with a turnover of 1.9754 million shares, involving $34.2128 million. MGM CHINA (02282.HK) opened 4.97% higher at $13.52, with a turnover of 912,400 shares, involving $12.3356 million. WYNN MACAU (01128.HK) opened 5.17% higher at $5.7, with a turnover of 1.5556 million shares, involving $8.8669 million. SJM HOLDINGS (00880.HK) opened 4.35% higher at $2.64, with a turnover of 1.7 million shares, involving $4.463 million. MELCO INT'L DEV (00200.HK) opened 9.65% higher at $4.43, with a turnover of 460,000 shares, involving $2.0378 million. Macau's GGR for June 2025 amounted to MOP21.064 billion, marking a 19% YoY increase, surpassing Citi's previous forecast of MOP19.75 billion, according to data released by Macau's Gaming Inspection and Coordination Bureau. On an MoM basis, however, it fell by 0.61%. The cumulative GGR for 1H25 reached MOP118.771 billion, up 4.4% YoY. AAStocks Financial News |
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