International edition
June 23, 2021

In the last quarter, city’s economy tumbled 26.4% from a year ago

Macau August gaming revenue fell 36%: Better than expected

Macau August gaming revenue fell 36%: Better than expected
Gross gaming revenue in Macau fell 35.5% from a year ago, better than 37.8% drop expected by analysts polled by Bloomberg.
Macau | 09/01/2015

Gross gaming revenue in Macau fell 35.5% from a year ago, better than 37.8% drop expected by analysts polled by Bloomberg.

H

ong Kong-listed Macau stocks recovered some of its earlier losses but are still in the red, because there are simply too many headwinds.

In the last quarter, Macau’s economy tumbled 26.4% from a year ago, worsening the first quarter’s 24.5% decline.

In addition, China’s manufacturing activities fell to a three-year low in August, the latest official PMI data released today shows.

Sands China (1928.HK), a unit of  Las Vegas Sands (LVS), fell 0.4%, Galaxy Entertainment(27.Hong Kong) fell 1.6%,  Wynn Macau (1128.HK), a unit of Wynn Resorts (WYNN), dropped 0.5%. MGM China (2282.HK), a subsidiary of MGM Resorts (MGM), fell 1.9%. Overnight,Melco Crown (MPEL) retreated 3.3%.

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