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MGM (00880.HK) has added electronic Gambling equipment to its new Lisboa Hotel and Galaxy Entertainment.
According to reports from 澳博新聞, the new Lisboa Hotel under 澳博 (00880.HK) has added dozens of live dealer Baccarat hybrid gaming machines and will begin operations to the public this Wednesday (18th). Additionally, the group's回力娛樂場 has also installed 40 live dealer Baccarat gaming machines on the same day. The supplier of the gaming machines, PARADISE ENT (01180.HK) CFO Chen Jianwen stated that the new Lisboa Hotel added 62 live dealer Baccarat hybrid gaming machines this Wednesday, with a minimum bet of 20 yuan. The live gaming machines also offer 'Lucky Six' for guests to place bets. As for 回力娛樂場, it has already added earlier this year.
Hong Kong market quick view | All three major Indexes closed higher, with active performance in tech and Brokerage stocks, Xiaomi Group rose nearly 4%, and Guolian increased by more than 9%.
Network Technology stocks increased, XIAOMI-W rose by 3.78%, KUAISHOU-W rose by 2.47%; Dining stocks performed well, HAILUNSI rose by 9.52%, JIUMAOJIU rose by 5.40%; Sporting Goods stocks also performed well, TOPSPORTS rose by 7.78%, XTEP INT'L rose by 3.35%.
In 'Major Banks', there is a slight decrease in the forecast for next year's gaming revenue and EBITDA of the Macau gaming industry, with Sands China (01928.HK) and Silver Entertainment (00027.HK) as the top picks.
Lyon published a research report indicating that considering the signs of slowing endogenous growth of daily gambling revenue in Macau this year, the projected annual gambling revenue for Macau for this year and next has been revised down by 1%. It is forecasted that in 2025, gambling revenue will increase by 4% year-on-year to 235.8 billion Macanese Patacas, and the growth rate is expected to rebound to 10.4% in 2026, reaching 260.2 billion Macanese Patacas. Lyon also lowered the adjusted EBITDA forecasts for the Macau gambling industry for 2025 and 2026 by 2.5% and 4% respectively, to growth rates of 8% and 10.2%. The firm maintains its investment ratings for the seven gambling operators unchanged, with Sands China (01928) as the top pick for next year.
Hong Kong stocks fluctuate | Macau casino stocks rise across the board, November Macau gambling revenue exceeds expectations. The new policy for traveling to Macau will be implemented starting next year.
All Macau casino stocks are rising. As of the time of writing, Sands China (01928) increased by 5.09%, reported at 20.85 Hong Kong dollars; Wynn Macau (01128) rose by 3.94%, reported at 6.07 Hong Kong dollars; MGM China (02282) climbed by 3.69%, reported at 10.12 Hong Kong dollars.
Lyon's investment rating and target price on Emperor Entertainment Hotel Limited (Table)
Citi released a research report, listing the investment ratings and target prices for gaming stocks as follows: Stock | Investment Rating | Target Price (HKD) Sands China (01928.HK) | Outperform | 25.8 -> 27.3 Galaxy Ent (00027.HK) | Outperform | 46.5 -> 46.6 SJM Holdings (00880.HK) | Outperform | 3.3 -> 3.9 MGM China (02282.HK) | Outperform | 14 -> 11.9 Wynn Macau (
With the new policies for travel to Hong Kong and Macau, local consumer stocks in Hong Kong and Macau casino stocks have surged! sa sa int'l rose over 7%.
①What are the specific contents of the new policy for visas to travel to Hong Kong and Macau? ②How do institutions view the current tourism to Hong Kong and Macau?