HK Stock Market Move | Gambling stocks generally rise, hotels run by multiple gambling companies are fully booked for the first three days of the Golden Week. Morgan Stanley predicts that Macau's gambling revenue in October will reach 20 billion Macau patacas.

In the gambling sector, stocks are generally rising. As of the time of writing, MELCO INT'L DEV(00200) rose by 5.17% to HK$4.27; MGM CHINA(02282) rose by 4.72% to HK$10.64; WYNN MACAU(01128) rose by 3.9% to HK$5.33; SANDS CHINA(01928) rose by 3.32% to HK$15.58; GALAXY ENT(00027) rose by 2.31% to HK$31.05. According to media reports, during the first three days of the Golden Week, a total of 7 hotels had their rooms fully booked, including hotels under the Macau casinos, MGM CHINA, WYNN MACAU, and GALAXY ENT. Ma Haowen, Vice Chairman of SUCCESSUNIVERSE (487), which operates the "16th Avenue" project in Macau, stated that the occupancy rate of their hotels during the first three days of the Golden Week is expected to reach about 80-90%, and they are confident it will be fully booked. In addition, Grant Bowie, President and Executive Director of MGM CHINA, mentioned that the current booking situation for hotel rooms in Macau is ideal, with an expected occupancy rate of 95% to 100% during the National Day Golden Week in mainland China. Morgan Stanley previously stated that they expect hotel room prices and occupancy rates during the October Golden Week in Macau to be similar to the same period last year. They forecast a daily gross gaming revenue of 900 million Macau dollars during the holiday, with a total gaming revenue of 20 billion Macau dollars in October, representing a 1% increase year-on-year. Compared to the Golden Week in May, hotel room prices seem to be stronger. The firm estimates that the daily arrival of tourists to Macau during the Golden Week will exceed 100,000 people. They expect Macau's mid-casino revenue to recover to 114% to 115% of the level in the same period in 2019.