Macau casino names perk up on expectation for solid April numbers

seekingalpha04-22

Macau casino stocks shot up in early trading on Monday after J.P. Morgan provided an update on gross gaming revenue trends. The firm estimated Macau GGR was at 12.5B patacas ($1.5B) for the first 21 ...

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The firm estimated Macau GGR was at 12.5B patacas ($1.5B) for the first 21 ...</p>\n\n<a href=\"https://seekingalpha.com/news/4091945-macau-casino-names-perk-up-on-expectation-for-solid-april-numbers\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Macau casino names perk up on expectation for solid April numbers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMacau casino names perk up on expectation for solid April numbers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-22 22:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4091945-macau-casino-names-perk-up-on-expectation-for-solid-april-numbers><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Macau casino stocks shot up in early trading on Monday after J.P. Morgan provided an update on gross gaming revenue trends. The firm estimated Macau GGR was at 12.5B patacas ($1.5B) for the first 21 ...</p>\n\n<a href=\"https://seekingalpha.com/news/4091945-macau-casino-names-perk-up-on-expectation-for-solid-april-numbers\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://seekingalpha.com/news/4091945-macau-casino-names-perk-up-on-expectation-for-solid-april-numbers","article_id":"2429920822","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/821513804/image_821513804.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429920822","pubTimestamp":1713796618,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Macau casino stocks shot up in early trading on Monday after J.P. 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The firm estimated Macau GGR was at 12.5B patacas ($1.5B) for the first 21 d","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4526":"热门中概股","BK4503":"景林资产持仓","MLCO":"新濠博亚娱乐","BK4505":"高瓴资本持仓","GXYEF":"Galaxy Entertainment Group, Ltd.","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LVS":"金沙集团","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","BK4531":"中概回港概念","BK4585":"ETF&股票定投概念","WYNMF":"Wynn Macau Ltd.","BK4561":"索罗斯持仓","SJMHY":"澳博控股ADR","WYNMY":"永利澳门ADR","SCHYF":"Sands China Ltd","MCHVF":"MGM China Holdings, Ltd.","BK4150":"赌场与赌博","SCHYY":"金沙中国有限公司ADR","WYNN":"永利度假村","MCHVY":"MGM China Holdings, Ltd."},"translate_title":"澳门赌场名称因预期4月份稳健的数字而振作起来","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WYNN":1,"WYNMY":1,"WYNMF":1,"SJMHY":1,"SCHYY":1,"SCHYF":1,"MLCO":1,"GXYEF":1,"MCHVY":1,"MCHVF":1,"LVS":1},"content_text":"Macau casino stocks shot up in early trading on Monday after J.P. Morgan provided an update on gross gaming revenue trends. The firm estimated Macau GGR was at 12.5B patacas ($1.5B) for the first 21 days of April, which was called stable and in line with historical seasonality. J.P. Morgan expects Wynn Macau (OTCPK:WYNMF) (OTCPK:WYNMY), MGM China Holdings Ltd. (OTCPK:MCHVF) (OTCPK:MCHVY), and SJM Holdings Limited (OTCPK:SJMHY) to show off strong double-digit EBITDA growth on a quarter-over-quarter basis, while Sands China (OTCPK:SCHYY) (OTCPK:SCHYF), Galaxy Entertainment Group (OTCPK:GXYEF), and Melco Resorts & Entertainment (NASDAQ:MLCO) are anticipated to see a sequential pull-back in EBITDA. Jefferies expects further normalization of the Macau market towards pre-COVID trends. Analyst Andrew Lee said that means peaks during holidays and troughs before and after holidays. The next major holiday in Macau is the Labor Day event from May 1-5. Macau gross gaming revenue increased 53% year-over-year to 19.5B patacas ($2.4B) in March, according to data from the Gaming Inspection and Coordination Bureau. The GGR tally topped the consensus estimate for a rise of 49% and came in at about 25% below the pre-pandemic level seen in 2019. The February GGR mark was also up 5.5% from the GGR level in February and the second-highest monthly GGR mark since Macau lifted COVID restrictions in January 2023. The GGR report for April will be released on May 1. In U.S. trading, Las Vegas Sands (LVS) rose 3.84%, Wynn Resorts (WYNN) gained 2.27%, and Melco Resorts & Entertainment (MLCO) added 1.61% to start the week.  More on Melco Resorts & Entertainment  Melco Resorts: A High Valuation And Debt Overhang Melco Resorts & Entertainment Limited (MLCO) Q4 2023 Earnings Call Transcript Melco Resorts & Entertainment Limited 2023 Q4 - Results - Earnings Call Presentation Macau casinos top estimates with second-highest gaming revenue tally since pandemic Macau casino revenue falls short of expectations on post-Chinese New Year slowdown","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429920822"}