On June 1, Sands China rose 3.26% in regular trading, trading at HKD 15.84/share, with trading volume of HKD 133 million. The stock gained momentum in the afternoon session alongside the broader Macau gaming sector.
On the news front, the Macau Gaming Inspection and Coordination Bureau released May gross gaming revenue of MOP 22.611 billion, representing a 6.7% year-over-year increase. Cumulative January-to-May gross gaming revenue reached MOP 108.379 billion, up 10.9% year-over-year, signaling continued recovery momentum in Macau's gaming industry. Analysts noted that the highly competitive reinvestment environment in the sector has likely peaked, with industry profit margins expected to recover over the coming quarters.
Within the Casinos and Gaming sector, peers rallied broadly: Wynn Macau up 4.66%, MGM China up 2.51%, Melco International up 2.13%, Galaxy Entertainment up 1.85%, and SJM Holdings up 1.05%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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