Morgan Stanley has released a research note stating that Macau's gaming revenue for May reached MOP 22.6 billion. This figure represents a year-on-year increase of 6.7% and a month-on-month rise of 14%, surpassing market expectations.

The bank indicates that due to short-term disruptions from the World Cup in June and a high comparative base from the previous year, it forecasts June's gaming revenue to be MOP 20.8 billion. This would signify a 1% decrease compared to the same period last year, implying a 4% year-on-year growth for the second quarter as a whole.

However, the firm believes the revenue increase is insufficient to offset mounting cost pressures. Consequently, it anticipates that second-quarter EBITDA will be roughly flat year-on-year.

Wynn Macau Ltd (HKG: 1128)

Sands China Ltd (HKG: 1928)

The bank expresses a favorable view on these stocks, considering their dividend yields to be more attractive than other constituents of the Hang Seng Index.