- Gaming revenue in Macau for September came in 7.4% higher than last year at $18.4B patacas ($2.28B) to mark the second consecutive month of positive growth in the gaming mecca.
- Analysts expected revenue growth of around 4%. Last month, Macau revenue improved 1.1% to end a long losing streak.
- New properties in the region such as the Parisian and Wynn Palace seem to have had an even larger impact than expected.
- YTD Macau gaming revenue is still down 7.5%.
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Report from the Macau Gaming and Inspection Coordination Bureau.
- 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), Melco Crown (MPEL).