According to a third-party data provider, Macau's average daily GGR for the week ended 13 July was MOP696 million, up 10% YoY but down 3% WoW, due to a decline in VIP win rate and the end of Jacky Cheung's concerts, Macquarie released a research report saying.

After a strong 2Q25, Macquarie expected Macau's gaming business to remain solid in 3Q25 (up 4% YoY), driven by upcoming high-end hotel openings and elite events.

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Among Macau casinos, Macquarie's top pick is GALAXY ENT (00027.HK)  0.000 (0.000%)    Short selling $30.19M; Ratio 9.327%   on its strong property pipeline and ample hotel room inventory, and expected Capella to be fully operational from the end of 2025, which should drive GALAXY ENT's premium mass market share gains.

The broker also estimated SANDS CHINA LTD (01928.HK)  -0.080 (-0.418%)    Short selling $51.62M; Ratio 20.369%   to benefit from summer mass traffic and the full opening of the Londoner resort.

The table below shows Macquarie's ratings and target prices for Macau's casinos:

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Stock | Rating | TP
GALAXY ENT (00027.HK)  0.000 (0.000%)    Short selling $30.19M; Ratio 9.327%   | Outperform | $53.6
SANDS CHINA LTD (01928.HK)  -0.080 (-0.418%)    Short selling $51.62M; Ratio 20.369%   | Outperform | $25.8
MGM CHINA (02282.HK)  +0.100 (+0.637%)    Short selling $6.84M; Ratio 5.357%   | Outperform | $22.2
WYNN MACAU (01128.HK)  +0.010 (+0.155%)    Short selling $8.43M; Ratio 13.985%   | Outperform | $9.5
Melco Resorts & Entertainment (MLCO.US)      | Outperform | US$12.2
SJM HOLDINGS (00880.HK)  -0.050 (-1.623%)    Short selling $16.88M; Ratio 23.449%   |Neutral|$3.3
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)