
According to UBS's prediction in "The Big Bank," the average daily gambling revenue in Macau for the remainder of this month is expected to be nearly 650 million patacas
UBS published a research report stating that, according to industry data, Macau's average daily gaming revenue over the past week reached approximately MOP 671 million, lower than the approximately MOP 711 million in the previous nine days. This is believed to be influenced by the Macau Grand Prix held from November 13 to 16. From the beginning of the month to date, the average daily gaming revenue is approximately MOP 694 million, a month-on-month decrease of about 11%, consistent with seasonal performance from 2015 to 2019.
In terms of market segmentation, the average daily gaming revenue from the mass market has decreased by about 8% to 10% month-on-month since the beginning of this month, while the VIP room turnover has decreased by about 6% to 8% month-on-month, with a win rate of approximately 3.3% to 3.5%. UBS indicated that based on the market's general forecast of an average daily gaming revenue of approximately MOP 673 million for November, it is expected that the average daily gaming revenue for the remainder of this month will reach approximately MOP 649 million. The bank's current preferred stocks include Galaxy Entertainment (00027.HK), MGM China (02282.HK), and Wynn Macau (01128.HK), all rated "Buy," with target prices of MOP 46.9, MOP 19.8, and MOP 8.4, respectively
