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Macau gaming revenue +17% in August

Published 09/01/2018, 04:45 PM
Updated 09/01/2018, 04:45 PM
© Reuters.  Macau gaming revenue +17% in August
  • Macau gross gaming revenue jumped 17.1% in August to 26.6B patacas, according to the Gaming Inspection and Coordination Bureau.
  • The tally topped the consensus estimate of +15.0%. The year-over-year comparison was influenced by last year including a loss of traffic due to Typhoon Hato.
  • YTD Macau gross gaming revenue is up 17.5%.
  • Union Gaming adjusts its Q3 Macau GGR estimate to +14% from +13%. "For the full year we are maintaining our forecast of +16%, which includes 12% growth in 4Q," writes analyst Grant Govertsen.
  • 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: Japan's Upper House To OK Casinos Imminently; Las Vegas Sands Ready To Move On News


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