- Macau authorities are expected to release revenue numbers for June sometime this weekend. Expectations are sky high, with the consensus estimate now standing at +30.3% GGR growth to 20.6B patacas ($2.56B), according to a Bloomberg survery. On the high end of the estimates is Nomura with its expectation for a 33% jump, while the low estimate is +16%. The VIP segment in particular is expected to post an impressive number for the month as it runs off a soft comparable to last year due to the phone betting ban.
- Macau gaming revenue soared 23.7% in May to 22.7B ($3.33B) patacas
- Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY), Melco Resorts & Entertainment (NASDAQ:MLCO).
- Related ETF: BJK
- Now read: Dumb-Money Panic Creates Quick Entry Point For Investors Not Yet Seeing Growing Upside For Wynn And Las Vegas Sands
Original article