Lyon: Macau's gaming revenue in April increased by 11% year-on-year to 20.9 billion Macau dollars. Preferred stocks include GALAXY ENT (00027) and MGM CHINA (02282)

Lyon released a research report stating that Macau's total gaming revenue in March this year was 22.6 billion Macau dollars, an increase of 15% compared to the same period last year, exceeding the market and the bank's forecast by 4 to 5%. This means that the average daily gaming revenue in the past week (March 23rd to 31st) was 778 million Macau dollars, which is 10% higher than the average daily gaming revenue in the first 22 days of March. The bank mentioned that this may be due to a higher win rate than usual, and despite recent geopolitical tensions, gaming demand remains stable. The bank expects Macau's total gaming revenue in April to increase by 11% year-on-year to 20.9 billion Macau dollars, in line with market expectations, and their top picks are GALAXY ENT(00027) and MGM CHINA(02282), both rated as "outperform" with target prices of 49.5 Hong Kong dollars and 20.9 Hong Kong dollars respectively.