Macau Gaming Stocks Defy Market Trend with Sands China (01928) Rising Over 3% as January Gambling Revenue Exceeds Expectations

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Macau gaming stocks advanced against the broader market trend. At the time of writing, Sands China Ltd (01928) was up 3.52%, trading at HK$17.63; MGM China (02282) rose 1.6% to HK$12.70; GALAXY ENT (00027) increased by 1.36%, reaching HK$40.34; and MELCO INT'L DEV (00200) climbed 0.95% to HK$4.27. The positive movement follows data released by Macau's Gaming Inspection and Coordination Bureau, which showed January's gross gaming revenue reached 22.633 billion patacas. This figure represents a robust 24% increase compared to the same period last year and an 8.4% rise from the previous month. This result surpassed expectations, as Citi had previously forecast January's total gaming revenue to be around 21.5 billion patacas. Furthermore, a recent UBS research report noted that for the upcoming Lunar New Year holiday, 27 out of the 32 hotels tracked by the bank are already showing fully booked rooms, a situation largely consistent with the same period last year.

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