Gambling revenue in Macau increased slower than expected in June, tracking up 12.2% Y/Y to...

Gambling revenue in Macau increased slower than expected in June, tracking up 12.2% Y/Y to $23.3B after analysts forecast a 15% gain. Demand is expected to be subdued in both July and August with credit pressures cropping up in China, before a new property opening and a national holiday turns momentum back around in September. On watch: LVS, MGM, MPEL.