CLSA published a research report expecting Macau's gaming concessionaires to post a 6.9% YoY increase in industry Ebitda to US$2.055 billion in 2Q25, supported by an 8.3% YoY growth in Macau's 2Q25 GGR.The broker believed that GALAXY ENT (00027.HK) +0.150 (+0.405%) Short selling $78.19M; Ratio 15.652% and SANDS CHINA LTD (01928.HK) -0.140 (-0.787%) Short selling $116.42M; Ratio 26.801% will continue to gain share in the quarter, while WYNN MACAU (01128.HK) +0.110 (+1.900%) Short selling $11.17M; Ratio 14.692% and SJM HOLDINGS (00880.HK) -0.030 (-1.124%) Short selling $9.77M; Ratio 22.839% will be impacted.Related NewsCLSA Ratings, TPs on Casinos (Table)CLSA downgraded Melco Resorts & Entertainment (MLCO.US) to Hold from Outperform, and SJM SJM HOLDINGS to Underperform from Outperform. GALAXY ENT and SANDS CHINA LTD remain to be its top picks. The latest ratings and target prices of the sector are listed in a separate table.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-04 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)