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HSBC Research estimates that Macau's gaming revenue in May will be between 20 billion and 21.2 billion Macanese patacas, remaining Bullish on MGM CHINA and Silver Entertainment.
The HSBC research report states that the Gambling revenue in the Macau Industry for the first eleven days of May was 8.55 billion Macau Patacas, meaning that the daily average revenue over the past six days was 0.575 billion Macau Patacas, which is a 44% week-on-week decline and a 1% year-on-year decrease, believed to be due to the weak seasonal demand following the Golden Week. The report suggests that the US-China statements and policies have eased tensions over tariffs, which may improve Consumer sentiment to some extent. However, if the macroeconomic situation does not improve, Gambling demand could also be affected, particularly the mid-market demand. The report assumes that the average daily revenue for the remaining days of May will range from 0.57 billion to 0.63 billion Macau Patacas, resulting in a total revenue for the month of 20 billion to...
Express News | MGM Resorts International Welcomes Ryan Abboushi as President of Entertainment
Press Release: MGM RESORTS INTERNATIONAL WELCOMES RYAN ABBOUSHI AS PRESIDENT OF ENTERTAINMENT
Shares of Travel and Leisure Stocks Are Trading Higher After the US and China Agreed to a Temporary Reduction in Most Tariffs on Each Other's Goods. This Could Reduce Economic Uncertainty That Has Been Clouding Travel and Spending Outlook.
Express News | MGM Resorts Announces New Employment Agreement With CEO & President Bill Hornbuckle
Is the Market Bullish or Bearish on MGM Resorts International?