HK Stock Market Move | Casino stocks all rise, MGM China (02282) up more than 2%. Macau's November gambling revenue increased by 14.4% year-on-year.
Casino stocks all rose, as of the time of writing, MGM China (02282) rose 2.48% to HK $16.97; Sands China (01928) rose 2.15% to HK $21.88.
All gambling stocks rose, as of press time, MGM CHINA (02282) rose 2.48% to HK$16.97; Sands China (01928) rose 2.15% to HK$21.88; GALAXY ENT (00027) rose 1.96% to HK$40.64; WYNN MACAU (01128) rose 1.54% to HK$6.59.
On the news front, on December 1st, the Gaming Inspection and Coordination Bureau of Macau announced that the gross gambling revenue in Macau in November was 21.09 billion Macau Patacas, an increase of 14.4% year-on-year. The cumulative gross gambling revenue in Macau for the first 11 months of this year reached 226.52 billion Macau Patacas, up 8.6% year-on-year. A previous report by Morgan Stanley believed that Macau's gambling revenue was slightly strong, but gambling stocks were slightly low, and they are optimistic about the trend of gambling stocks next year.
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