HK Stock Market Move | Casino stocks fell across the board in the morning session, with Macau expected to generate gambling revenues of 236 billion Macau patacas next year. JP Morgan stated that the growth rate in gambling revenue for November may slow down.

The gaming stocks fell in the morning session, as of press time, Sands China (01928) fell 5.33% to HK$19.2; Wynn Macau (01128) fell 5.12% to HK$6.3; MGM China (02282) fell 3.67% to HK$15.47; Galaxy Entertainment (00027) fell 3.15% to HK$38.76. On the news front, the Macau SAR government expects the tourism industry in Macau to continue to develop in 2026 under various favorable factors. Taking into account the uncertainty of the external environment and economic situation, as well as comprehensive consideration of various factors, and based on the principle of prudent financial management, the estimated gross gaming revenue for the next year is projected to be MOP 236 billion. Data shows that the cumulative gaming revenue for the first 10 months of this year reached MOP 205.427 billion, an 8% increase year-on-year. Morgan Stanley previously released a research report stating that Macau's total gaming revenue in October was MOP 24 billion, a 16% increase year-on-year and a 32% increase month-on-month, marking the strongest gaming performance in six years. Looking ahead, the bank believes that the growth rate in November will be more challenging than in October, with growth possibly slowing to 8% to 10%. However, starting from December, the base will become more lenient, and it is expected that gaming revenue growth will accelerate to 15% to 17%, with at least low double-digit growth in the first quarter of next year.