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<Research>UBS Turns More Cautious on Gaming Sector; MO Apr Daily Avg. GGR Beats
Recommend 17 Positive 32 Negative 21 |
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Macau's GGR in April was about MOP18.9 billion, an incline of about 2% YoY, but a drop of about 4% MoM, implying an average daily GGR of around MOP629 million, higher than the market consensus of MOP610 million, UBS released a research report saying. For the May Day Golden Week, the Macao Government Tourism Office (MGTO) expected daily visitor arrivals to range from 127,000 to 140,000, up 4-16% YoY, while the market predicted total GGR for the period to be slightly lower than 2024. UBS was more cautious on the sector on the tariffs, with GALAXY ENT (00027.HK) being its top pick. AAStocks Financial News |
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