Tuesday, October 3, 2023

Tag: Alex Bumazhny

Macau stocks higher after April revenue tops estimates

Studio City Macau
A number of casino stocks rose at the beginning of May, as Macau’s Gaming Inspection and Coordination Bureau posted better-than-expected revenue declines.   Gross gaming revenues for Macau dropped 9.5 per cent to MOP17.3bn (E1.9bn) in April, marking the 23rd consecutive monthly decline for the world’s largest gambling hub. Yet while the latest figures from Macau’s Gaming Inspection and Coordination Bureau...

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