On June 8, Sands China declined 3.09% in regular trading, trading at HK$14.88/share, with trading volume of HK$82.241 million. The broader Macau gaming sector saw uniform weakness as analyst forecasts pointed to a sequential decline in June gross gaming revenue.
Morgan Stanley projected Macau June GGR at MOP 20.8 billion, representing a 1% year-over-year decline, citing short-term diversion from World Cup matches and a higher comparison base. The bank noted that revenue growth is insufficient to offset rising cost pressures, expecting Q2 EBITDA to remain flat year-over-year. Similarly, CICC estimated June GGR at MOP 19.5-21 billion, implying a 0-7% year-over-year decrease and a 12-18% gap versus the same period in 2019.
Within the Casinos and Gaming sector, all major names traded lower: Galaxy Entertainment down 1.86%, MGM China down 3.85%, Wynn Macau down 2.77%, SJM Holdings down 2.67%, and Melco International down 2.33%.
(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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