HK Stock Market Move | Gambling stocks continue to decline, World Cup may continue to divert betting budget, Citigroup lowers June forecast for Macau gambling revenue.

The gaming stocks continued to decline. As of press time, WYNN MACAU (01128) fell by 3.35%, to 4.9 Hong Kong dollars; MELCO INT'L DEV (00200) fell by 3.47%, to 3.06 Hong Kong dollars; GALAXY ENT (00027) fell by 3.23%, to 28.8 Hong Kong dollars; SANDS CHINA (01928) fell by 2.57%, to 12.87 Hong Kong dollars. In terms of news, according to a research report by Citigroup, based on industry sources, it is estimated that the gross gaming revenue in Macau for the first 21 days of June has reached about 13.2 billion Macau patacas. The daily average operating rate is about 600 million Macau patacas, a decrease of about 18% compared to the daily average level in May (about 729 million Macau patacas), but an increase of about 2% compared to the week of June 8th (about 586 million Macau patacas). This trend is generally consistent with the observations of the bank's latest gaming table survey. The bank believes that the ongoing World Cup is diverting some of the betting budgets of Macau gamblers. According to industry sources, VIP room betting volume is down by about 16% to 19% per month, while mid-casino gross gaming revenue is down by about 12% to 15% per month. VIP room win rates seem to be higher than last week. Reflecting the latest trend in gross gaming revenue, the bank has reduced its gross gaming revenue forecast for June 2026 from 19 billion Macau patacas to 18.75 billion Macau patacas (a year-on-year decrease of 11%). This means that the daily average gross gaming revenue for the remaining time of this month needs to reach about 617 million Macau patacas.