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Last year, the number of passengers taking the wealth shuttle in Macau increased by 47% year-on-year, with the frequency of departures rising by 38%.
The Macau Transportation Bureau announced that last year there were a total of 65 shuttle bus routes (commonly known as "Fortune Bus") for hotels and casinos in Macau, an increase from 59 routes in 2023. The total number of passenger rides was recorded at 52.9798 million, an approximately 47.3% year-on-year increase; the number of departures was recorded at 3.0737 million, an approximately 38.1% year-on-year increase. SUCCESSUNIVERSE (00487.HK) Vice Chairman Ma Haowen stated in an interview with the media at the beginning of the year that there is a high demand from mainland and Hong Kong travelers for hotel shuttle buses, and plans will be strengthened for route arrangements and increased frequency to facilitate tourists' travel. He also expressed disagreement with the shuttle bus services provided by hotels.
The "Big Banking" HSBC research investment rating and Target Price for Macau gaming stocks (table).
HSBC Research published a research report, listing the investment ratings and Target Prices for gaming stocks as follows: Stock | Investment Rating | Target Price (HKD) GALAXY ENT (00027.HK) | Buy | 41.5 WYNN MACAU (01128.HK) | Hold | MGM CHINA (02282.HK) | Buy | 14 MELCO INT'L DEV (00200.HK) | Hold | 3.4 SANDS CHINA (01928.HK) | Hold | 19 SJM HOLDINGS (00880.HK) | Hold | 2.7.
UBS Group states that Macau's gaming revenue has shown solid trends so far this month, and the view on the Industry remains positive.
UBS Group published a research report, which indicated through channel surveys that the average daily gambling revenue in Macau over the past seven days was approximately 0.621 billion Macau patacas, a decline compared to the high base of the previous nine days. Since March, the average daily gambling revenue has been about 0.631 billion Macau patacas, a monthly decrease of around 10%, indicating a solid trend in line with seasonal performance from 2015 to 2019. The group maintains a positive outlook on the Industry, with Sands China (01928.HK) as the top choice.
Citi maintains its prediction for Macau's gaming revenue at 19.5 billion patacas for March.
Citigroup released a research report stating that, according to Industry data, Macau's gaming revenue for the first 16 days of March may reach about 10.1 billion Macau patacas, which means that the average daily gaming revenue for the week of March 10 to 16 was approximately 0.621 billion Macau patacas, a decrease from 0.639 billion Macau patacas in the first nine days of March. Citigroup pointed out that since the average daily gaming revenue is roughly the same as last year's data, it believes that last week's gaming performance is normal. The bank continues to expect the total gaming revenue for March to be 19.5 billion Macau patacas, meaning that the average daily gaming revenue for the remainder of the month would be approximately 0.629 billion Macau patacas.
MELCO INT'L DEV (00200.HK) will hold a Board of Directors meeting on March 28 to approve the annual performance.
Gelonghui announced on March 17 that MELCO INT'L DEV (00200.HK) will hold a Board of Directors meeting on March 28, 2025, to approve the announcement of the annual performance for the year ending December 31, 2024, for the company and its subsidiaries.
MELCO INT'L DEV: DATE OF BOARD MEETING