UBS Forecasts Macau's Average Daily Gaming Revenue to Reach MOP649 Million for Rest of November

Stock News11-18

According to industry data, Macau's average daily gaming revenue over the past week reached approximately MOP671 million, lower than the MOP711 million recorded in the previous nine days. UBS attributes this decline to the impact of the Macau Grand Prix held from November 13 to 16. The average daily gaming revenue since the beginning of the month stands at around MOP694 million, reflecting an 11% month-on-month drop, consistent with seasonal trends observed between 2015 and 2019.

Breaking down the market segments, mid-mass gaming revenue has declined by 8% to 10% month-on-month, while VIP rolling chip volume fell by 6% to 8%. The VIP win rate remained between 3.3% and 3.5%.

UBS noted that, based on consensus estimates projecting November's average daily gaming revenue at MOP673 million, it expects the figure to reach MOP649 million for the remainder of the month. The bank maintains a "Buy" rating on its top picks, including GALAXY ENT (00027), MGM CHINA (02282), and WYNN MACAU (01128), with target prices set at HK$46.9, HK$19.8, and HK$8.4, respectively.

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The bank maintains a \"Buy\" rating on its top picks, including GALAXY ENT (00027), MGM CHINA (02282), and WYNN MACAU (01128), with target prices set at HK$46.9, HK$19.8, and HK$8.4, respectively.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0173614495.USD","symbol_name":"富达中国焦点A","start_time":0,"source_url":"","article_id":"1105779347","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1105779347","pubTimestamp":1763450231,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"According to industry data, Macau's average daily gaming revenue over the past week reached approximately MOP671 million, lower than the MOP711 million recorded in the previous nine days. 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UBS attributes this decline to the impact of the Macau Grand Prix held from November 13 to 16. The average daily gaming revenue since the beginning of the month stands at around MOP694 million, reflecting an 11% month-on-month drop, consistent with seasonal trends observed between 2015 and 2019.\nBreaking down the market segments, mid-mass gaming revenue has declined by 8% to 10% month-on-month, while VIP rolling chip volume fell by 6% to 8%. The VIP win rate remained between 3.3% and 3.5%.\nUBS noted that, based on consensus estimates projecting November's average daily gaming revenue at MOP673 million, it expects the figure to reach MOP649 million for the remainder of the month. 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