KUALA LUMPUR (Sept 15): The news that a company linked with Genting Group and its Chairman and CEO Tan Sri Lim Kok Thay has bid for a Macau gaming concession might not sit well with current investors, an industry magazine said.
Hong Kong-Listed Casino Stocks Fall on Macau Covid-19 Outbreak morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
GGRAsia – Macau casino GGR up 24pct m-o-m in May: govt ggrasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ggrasia.com Daily Mail and Mail on Sunday newspapers.
Macau’s casino gross gaming revenue (GGR) during the recent five-day break encompassing the Labour Day holiday on May 1, was approximately MOP600 million (US$75 million) a day, suggested brokerage Sanford C. Bernstein, and JP Morgan Securities (Asia Pacific) Ltd in respective Monday notes.
The period, referred to by some analysts as ‘May Golden Week’, although that term is not used by the Macau authorities, was “surprisingly golden” in GGR terms, said JP Morgan.
The city’s estimated GGR for the early-May break has been “well above” market expectation, the institution’s analysts DS Kim, Derek Choi, and Livy Lyu remarked in their Monday memo.