Macau revenue trending solid in December

|By:, SA News Editor

Macau gross gaming revenue is up 6% to ~7.9B patacas for the first nine days of December, according to tracking by JPMorgan and Bernstein.

"VIP luck at major junkets was pretty normal at around 3.1%; volumes were particularly robust during weekends,” for both VIP, mass; estimates both VIP rolling volumes and mass GGR grew low-teens y/y, with VIP GGR probably stronger given low luck-base last year," writes JP Morgan analyst DS Kim. Bernstein also points to solid VIP volume for the early part of the month.

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), Studio City International (NYSE:MSC).

Related ETF: BJK.

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