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Macau Gaming Revenue Jumps 6.6% in October, Beats Estimates
In Macau, the third quarter tourism price index of indices rose by more than 4% per quarter, benefiting from the rebound in hotel room prices during the summer vacation.
The Statistics and Census Service of Macao recently announced that the Macao tourism price index for the third quarter of this year was 147.22, up 4.29% year-on-year. Among the price indices of major categories, the price index of jewelry increased by 13.68% year-on-year, driving the price index of miscellaneous items to rise by 6.14%, the price index of clothing and footwear to rise by 3.52% year-on-year, and the price index of lodging and dining to rise by 3.52% year-on-year.
Hong Kong stocks fluctuate | Macau casino stocks continue to decline, with Macau casino profit margins under pressure. Institutions expect the industry's EBITDA in the third quarter to decline compared to the previous quarter.
Macau casino stocks continued to decline. As of the time of publication, galaxy ent (00027) dropped by 4.29%, closing at 35.7 Hong Kong dollars; Sands China (01928) dropped by 4.17%, closing at 18.4 Hong Kong dollars; mgm china (02282) dropped by 3.87%, closing at 10.44 Hong Kong dollars.
Macau Financial Services Bureau: Gambling tax revenue reached 66.397 billion in the first nine months, up 45% year-on-year
The latest central account budget execution data published by the Macao Finance Bureau shows that as of September this year, the lucky gambling tax revenue in the first nine months has reached 66.397 billion Macao dollars (same below), equivalent to 79.4% of the original annual revenue budget, an increase of 45.06% year-on-year. For September alone, lucky gambling tax revenue also reached 7.617 billion yuan, an increase of 6.37% month-on-month and 14.47% year-on-year.
Macau Elects Former Judge Wary of Casinos as Its New Leader
Another consumer forward-looking indicator is doing well, with strong growth in Macau's gambling revenue during the "Golden Week".
JPMorgan stated that during the National Day gold week in Macau, the total gambling revenue has recovered to 130%-140% of the pre-epidemic level, with per capita gambling expenditure increasing by about 25% year-on-year.
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