- Gross gaming revenue in Macau fell 32.3% to 16.4B patacas ($2.1B) in November, according to data released by the Gaming Inspection and Coordination Bureau.
- The decline is slightly greater than the consensus forecast of analysts and extends a long down trend in the sector.
- Baccarat betting continues to be a soft spot in Macau in both the VIP and mass segments.
- Shares of many Macau casino operators were higher in Hong Kong trading today, despite the soft read on traffic.
- Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY).