MGM Resorts International's stock is soaring 5.00% in pre-market trading on Tuesday, riding the wave of positive news from Macau's gambling sector. The surge comes as Macau reported a significant 19% year-over-year increase in gambling revenue for June, totaling 21.1 billion patacas ($2.61 billion).
The robust performance of Macau's casino industry has sparked a rally among U.S.-based casino operators. While MGM Resorts is up 5%, other major players in the sector are also seeing substantial gains, with Las Vegas Sands rising 5.8% and Wynn Resorts climbing 4.62% in pre-market trading.
Analysts are taking note of the unexpected strength in Macau's gambling sector. JPMorgan analyst Daniel Politzer commented, "We think June's GGR (gross gaming revenue) still surprised to the upside, and believe many investors were expecting GGR +12-14% y/y." This outperformance is likely contributing to the positive sentiment surrounding MGM Resorts and its peers, as investors anticipate strong returns from their Macau operations.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。