- Gross gaming revenue in Macau fell 9.5% Y/Y to 17.34B patacas ($2.17 billion) in April, according to the latest report from the Gaming Inspection and Coordination Bureau.
- The decline is an improvement from the 16% drop in March and topped the 14% fall-off expected by analysts.
- The Macau sector is hoping for a second-half boost from new entertainment-focused properties due to open, a list that includes Wynn Palace and the Parisian. The last time Macau casinos showed positive growth for a month was almost two years ago.
- 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).