Shares of Macau’s six casino concessionaires traded on the Hong Kong Stock reacted positively to the October GGR report.<\/p>\n
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MGM China was the biggest gainer at 3.79 percent, followed by Galaxy Entertainment (3.18 percent), Sands China (2.65 percent), Wynn Macau (2.46 percent), Melco Resorts (0.6 percent), and SJM Holdings (0.5 percent).<\/p>\n<\/div>\n
The increases are much welcomed by investors. The Bloomberg Intelligence <\/i>index of Macau casino stocks has plummeted in recent months due to China’s slowing economy and the ongoing trade war with the US. The index has dropped more than 40 percent from their May peak.<\/p>\n
October was a dismal time for many industries around the world, and that includes gaming. However, strong third quarter revenue from MGM Resorts and a dividend increase issued by Sands recently delivered some good news to Las Vegas.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau casinos won 27.3 billion patacas ($3.38 billion) in October, a 2.6 percent year-over-year gain. It’s the highest monthly gross gaming revenue (GGR) haul in four years. Last month was the industry’s highest GGR mark since October 2014 when the region won $3.5 billion. October 2018 was the enclave’s 27th consecutive monthly increase. Year to […]<\/p>\n","protected":false},"author":25,"featured_media":91642,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Macau Gaming Revenue Hits Four-Year High, Win Totals $3.38B<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n