- Macau casino revenue increased 3.1% to 19.3B patacas in January to miss the consensus estimate for a 8.5% rise.
- The revenue tally was published by the Gaming Inspection and Coordination Bureau.
- A slowdown ahead of the Chinese New Year is being blamed for the disappointing result.
- Macau stocks fell across the board in Hong Kong. In an early look at U.S. trading, Wynn Resorts is down 1.41%.
- 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).
- Related ETF: BJK.