HK Stock Market Move | All gambling stocks have risen, with institutions pointing to a sustained strong growth in Macau's total gambling revenue at the start of 2026.

All gambling stocks are on the rise. As of the time of writing, MELCO INT'L DEV (00200) is up 3.46% at HK$4.19, GALAXY ENT (00027) is up 2.78% at HK$39.9, MGM CHINA (02282) is up 2.65% at HK$12.77, SANDS CHINA (01928) is up 2.05% at HK$18.93, and WYNN MACAU (01128) is up 1.38% at HK$5.87. Furui released a research report stating that Macau's total gambling revenue continues to show strong growth at the beginning of 2026. As of the seven days leading up to January 11, Macau's daily gambling revenue was MOP 693 million, an 18% year-on-year increase. The bank's industry research indicates that January as a whole is expected to achieve a year-on-year growth of 15% to 21%. Despite investor preference for US regional gambling stocks in the near term, Furui believes that these data support the view that stocks with primary operations in Macau have better fundamentals than their counterparts. UBS points out that, based on their channel checks, due to calendar effects, the average daily total gambling revenue in Macau over the past seven days was approximately MOP 693 million, lower than the approximately MOP 800 million in the first four days of January. This has resulted in a stable daily average of around MOP 732 million in gambling revenue in Macau so far in January, representing a 24% year-on-year growth and a 9% month-on-month growth, outperforming the seasonal performance of around 2% monthly growth between 2015 and 2019.