Macau casino revenue cools off in June

|By:, SA News Editor

Macau gross gaming revenue increased 12.1% in June to 22.49B patacas, according to the Gaming Inspection and Coordination Bureau.

The tally fell short of the consensus estimate for an increase of 18.5%. Strong interest in the World Cup is believed to have cut into casino traffic.

The Macau sector is still posting a very strong year, with YTD gross gaming revenue up 19% to 150.22B patacas.

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 Resorts & Entertainment (NASDAQ:MLCO).

Related ETF: BJK.

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