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<Research>Macquarie: Large Concert Events Drive Strong Start for MO Gaming Sector in Jul
The Macau gaming industry had a strong start in July, Macquarie released a research report saying. Channel data shows that, for the week ended 6 July, the average daily GGR amounte...
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<Research>Macquarie: Large Concert Events Drive Strong Start for MO Gaming Sector in Jul
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The Macau gaming industry had a strong start in July, Macquarie released a research report saying. Channel data shows that, for the week ended 6 July, the average daily GGR amounted to MOP716 million, representing a 30% YoY increase.

This is believed to be driven by large events such as Jacky Cheung's concerts, which boosted visitor traffic, as well as high VIP win rates. Compared to June level, mass rose by 2-4%, while VIP remained stable, with win rate ranging from 3.3-3.5%, compared to 2.9-3.1% in 2024.

Related NewsCiti Envisions MO Gaming Sector EBITDA to Rise 3% in 2Q25; TPs for Casinos Up 9% on Avg.
Macquarie listed GALAXY ENT (00027.HK)  +0.050 (+0.131%)    Short selling $13.89M; Ratio 8.949%   as its top pick, and forecasted that the fully operational Cappella from end-2025 will help the Group gain market share in the premium mass segment. Additionally, Galaxy Macau is the venue for Jacky Cheung's concerts, likely making it a key beneficiary. Therefore, the broker rated GALAXY ENT at Outperform, with a target price of $46.9.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.)

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