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via seekingalpha.comBusiness & Companies

Macau casino revenue slumps 10% in October against tough comparison

FROM THE WIRE · SEEKINGALPHA.COM

[Macau cityscape skyline with hotel and casino skyscraper building at night.] Macau gross gaming revenue fell 10.0% year over year in October to 21.7B patacas ($2.68B), according to data from the Gaming Inspection and Coordination Bureau. The Macau casino sector has now seen…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe prolonged GGR decline weighs on casino stocks exposed to Macau.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Macau GGR fell 10.0% year over year in October to 21.7B patacas.
  2. 02It is the fifth straight month of declining GGR.
  3. 03Softness covers both the VIP and mass market segments.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Las Vegas Sands Corp.LVSStock36.97 USDMarket closedtoday -0.20%Negative Wynn Resorts, LimitedWYNNStock74.66 USDMarket closedtoday +0.61%Negative MGM Resorts InternationalMGMStock29.96 USDMarket closedtoday +3.92%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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