On July 27, GALAXY ENT rose 3.23% in regular trading, trading at HKD 32.66/share, with turnover of HKD 168 million. The gain came amid a broad rally across the Macau casino sector, driven by summer tourism peak season tailwinds and signs of gaming revenue recovery.
According to recent industry data, Macau's gross gaming revenue for the first 19 days of July was estimated at approximately MOP 12.05 billion. The latest weekly daily average gaming revenue reached approximately MOP 679 million, up around 9% from the prior week, signaling a recovery trend as disruptions from global football events have largely faded. Local hotel operators indicated that July-August occupancy rates are expected to reach 90%, benefiting from multiple central government policies supporting Macau tourism.
Within the Casinos and Gaming sector, the broad rally was evident: MGM CHINA up 4.11%, MELCO INT'L DEV up 4.13%, SJM HOLDINGS up 3.33%, SANDS CHINA up 3.29%, and WYNN MACAU up 2.21%. Jefferies recently named GALAXY ENT among its sector top picks, citing its operational strength in the premium mass market segment.
(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.)
Comments