- Gaming revenue in Macau fell 39% Y/Y in March to 21.5B pacatas ($2.7B), according to data from the Macau Gaming Inspection and Coordination Bureau.
- Analysts thinks April and May will also see revenue declines of 30% or more.
- Shares of the casino stocks actually rose in Hong Kong trading as the worst-case scenario was avoided.
- Related stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Melco Crown (MPEL +2.4%), Galaxy Entertainment (OTCPK:GXYEF -1.4%), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY).