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The Macau Casino stocks have risen, with MGM CHINA (02282) increasing by 6.6%. During the May Day holiday, the number of incoming tourists to Macau exceeded 0.85 million.
King Wu Finance | Macau Casino stocks rose overall, MGM CHINA (02282) increased by 6.6%, SANDS CHINA (01928) rose by 3.8%, WYNN MACAU (01128) climbed by 2.84%, MELCO INT'L DEV (00200) gained 2.17%, and GALAXY ENT (00027) advanced by 1.56%. Data released by the Macao SAR Government Public Security Police Force on May 6 showed that from May 1 to May 5, there were a total of 3.754 million entries and exits at various ports in Macao, with over 0.85 million inbound visitors to Macao, averaging 0.17 million per day. In terms of ports, inbound visitors primarily entered Macao through the Gongbei Port.
Macau Gaming Revenue Tops Expectations Ahead of Golden Week Holiday
Express News | Macau Says April Gambling Revenue up 1.7 Pct From a Year Earlier to 18.9 Bln Patacas
The Asia INT'L ENT exhibition is about to open, and Technology empowers the Gambling Industry to seize opportunities in May.
Jinwu Financial News | The Asia INT'L ENT Expo and Asian Integrated Resort Leisure Industry Expo (G2E Asia & Asian IR Expo) will be held from May 7 to 9, 2025, at the Venetian Macao. As the flagship exhibition of the Asian entertainment and integrated resort industry, this year's theme focuses on "Technology Driving the Future", covering diverse fields such as Gambling Technology, Smart Tourism, and Immersive Experiences. The exhibition will debut 100 innovative products in Asia, including AI-driven guest service Siasun Robot&Automation, unmanned cleaning equipment, AR interactive gambling machines, and more. A new section for "Smart Integrated Resorts" will be introduced at the expo.
Sands China (01928) rose by 4.41% as the first quarter Earnings Reports met the expectations of major banks.
Jinwu Financial News | Sands China (01928) saw a strong stock price in the morning session, reporting HKD 14.2, a rise of 4.41%, with a transaction volume of HKD 96.9617 million. On the news front, a Goldman Sachs Research Report indicates that Sands China's Q1 Earnings Reports performance met expectations, with EBITDA recorded at USD 0.535 billion, at the lower end of market predictions. After adjusting for VIP room win rate, EBITDA fell by 8% quarter-on-quarter to USD 0.545 billion, which also met expectations. Considering the trend of market share in Gambling revenue year-to-date, Goldman Sachs has lowered its EBITDA forecast for Sands China for the FY 2025 to 2027 by 7%.
Hong Kong stock announcement for treasure hunting | Aluminum Corporation Of China reported a net profit attributable to shareholders of approximately 3.538 billion yuan in the first quarter, a year-on-year increase of 58.78%.
SANDS CHINA LTD (01928) reported a total net income for the first quarter that decreased by 5.7% year-on-year to 1.7 billion dollars; SINO BIOPHARM (01177): 45 research achievements will be announced at the 2025 ASCO annual meeting.