Macau casino revenue shines in August; dividends come back into play

seekingalpha09-01

Macau gross gaming revenue rose 14.8% year-over-year in August to 19.75 billion patacas ($2.5 billion) top beat the consensus estimate for a rise of 13.2%. Macau GGR was up 6.2% on a month-over-month ...

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Macau GGR was up 6.2% on a month-over-month ...</p>\n\n<a href=\"https://seekingalpha.com/news/4145790-macau-casino-revenue-shines-in-august-dividends-come-back-into-play\">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 revenue shines in August; dividends come back into play</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 revenue shines in August; dividends come back into play\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-01 22:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4145790-macau-casino-revenue-shines-in-august-dividends-come-back-into-play><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Macau gross gaming revenue rose 14.8% year-over-year in August to 19.75 billion patacas ($2.5 billion) top beat the consensus estimate for a rise of 13.2%. Macau GGR was up 6.2% on a month-over-month ...</p>\n\n<a href=\"https://seekingalpha.com/news/4145790-macau-casino-revenue-shines-in-august-dividends-come-back-into-play\">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":"LU1571399168.USD","symbol_name":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","start_time":0,"source_url":"https://seekingalpha.com/news/4145790-macau-casino-revenue-shines-in-august-dividends-come-back-into-play","article_id":"2464015711","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1564673501/image_1564673501.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2464015711","pubTimestamp":1725202536,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Macau gross gaming revenue rose 14.8% year-over-year in August to 19.75 billion patacas ($2.5 billion) top beat the consensus estimate for a rise of 13.2%. Macau GGR was up 6.2% on a month-over-month ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","MLCO":"新濠博亚娱乐","WYNMF":"Wynn Macau Ltd.","WYNMY":"永利澳门ADR","WYNN":"永利度假村","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","BK4531":"中概回港概念","BK4585":"ETF&股票定投概念","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","MGM":"美高梅","SJMHF":"SJM Holdings Ltd.","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","BK4575":"芯片概念","SJMHY":"澳博控股ADR","BK4150":"赌场与赌博","MSC":"新濠影汇","BK4588":"碎股","BK4526":"热门中概股","GXYEF":"Galaxy Entertainment Group, Ltd.","BK4503":"景林资产持仓","MCHVF":"MGM China Holdings, Ltd.","BK4561":"索罗斯持仓","BK4505":"高瓴资本持仓","MCHVY":"MGM China Holdings, Ltd.","SCHYF":"Sands China Ltd","LVS":"金沙集团","SCHYY":"金沙中国有限公司ADR"},"translate_title":"8月澳门赌场收入大放异彩；股息重新发挥作用","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WYNN":1,"WYNMY":1,"WYNMF":1,"SJMHY":1,"SJMHF":1,"SCHYY":1,"SCHYF":1,"MSC":1,"GXYEF":1,"MLCO":1,"MGM":1,"MCHVY":1,"MCHVF":1,"LVS":1},"content_text":"Macau gross gaming revenue rose 14.8% year-over-year in August to 19.75 billion patacas ($2.5 billion) top beat the consensus estimate for a rise of 13.2%. Macau GGR was up 6.2% on a month-over-month and came in at about 80% of the pre-pandemic level of 2019. On a year-to-date basis, Macau GGR was up 33.4% year-over-year to 152.1 billion ($19 billion) through August 31, according to data from the Gaming Inspection and Coordination Bureau. J.P. Morgan noted the Macau GGR run-rate in early August reflected a relatively solid mass demand into the summer holidays. Of note, demand from mainland Chinese visitors has been strong, despite macroeconomic pressures. The steady gains in the mass market segment helped to offset weaker sentiment in the VIP segment. In terms of market share, Bank of America highlighted that Galaxy Entertainment (OTCPK:GXYEF) gaining market share followed by Melco Resorts (NASDAQ:MLCO) and SJM (OTCPK:SJMHF), while Wynn Macau and MGM China were on the losing end. Dividend watch: Seaport Research Partners analyst Vitaly Umansky tipped that Sands China could restart its dividend in 2025. \"The ongoing recovery in Macau, where Sands China is the largest operator by market share, could be supportive of dividend resumption. The gaming company has compelling reasons to renew payouts,\" he advised. Meanwhile, MGM China Holdings Limited (OTCPK:MCHVF) (OTCPK:MCHVY) disclosed in a Hong Kong filing on last week that it expected to spend just above HKD1.34 billion ($172.0 million) on a special dividend paid at HKD0.353 per share. The company expects the dividend will be paid on October 4. \"The board has resolved to declare the special dividend after further consideration of the group’s latest general financial position, existing cash flow, capital requirements going forward and other factors that the board considered relevant,\" stated the casino operator. MGM China (OTCPK:MCHVF) (OTCPK:MCHVY) started paying dividends again earlier this year, following a multi-year period around the pandemic when the payouts to shareholders were halted. Macau-related casino stocks: Wynn Macau (OTCPK:WYNMF) (OTCPK:WYNMY), Wynn Resorts (WYNN), Sands China (OTCPK:SCHYY) (OTCPK:SCHYF), Las Vegas Sands (LVS), MGM China (OTCPK:MCHVF), (OTCPK:MCHVY), MGM Resorts (NYSE:MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF), (OTCPK:SJMHY), Melco Resorts & Entertainment (MLCO), and Studio City International (MSC).","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"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":"4.29.3","shortVersion":"4.29.3","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/2464015711"}