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Market movements are being closely monitored; Macau Casinos are collectively gaining strength, with MELCO INT'L DEV rising over 9%. Macau's February gambling revenue increased by 6.8% year-on-year.
Hong Kong stock market gambling stocks collectively rose, with MELCO INT'L DEV once increasing over 16%. As of the time of writing, MELCO INT'L DEV rose over 9%, GALAXY ENT, SANDS CHINA, WYNN MACAU, and MGM CHINA rose over 4%, while SJM HOLDINGS rose over 3%.
Express News | Hong Kong is considering legalizing basketball Gambling to increase tax revenue.
Cen Haohui: The competition in the Macau Gambling industry is intensifying, and the development of diverse industries is not meeting expectations.
Cen Haohui stated that the competitive situation of the Macau tourism Gambling industry is intensifying, and the development of diverse industries is not meeting social expectations.
During the Spring Festival Gold Week in Macau, the average occupancy rate of hotels was 95%, and the average room rate fell by 2.4% year-on-year.
The Macao Tourism Board announced that the eight-day Spring Festival Gold week holiday in Mainland China has ended. Preliminary data shows that during the Spring Festival Gold week (from January 28 to February 4), Macao recorded nearly 1.31 million inbound travelers, with an average of nearly 0.164 million travelers per day, a slight decline of 3.5% compared to the daily average during the 2024 Spring Festival Gold week, approaching the daily average level of the 2019 Spring Festival Gold week (0.1717 million).
Emperor Entertainment Hotel Names Vice Chairman
EMPEROR E HOTEL (00296.HK) appointed Yang Zhenglong as the Vice Chairman of the Board of Directors.
On February 3, Gelonghui reported that EMPEROR E HOTEL (00296.HK) announced that starting from April 1, 2025: (1) Mr. Yang Zhenglong will be appointed as the Vice Chairman of the Board of Directors, Executive Director, and Chairman of the Executive Committee; (2) Mr. Huang Zhihui will retire from his positions as Executive Director and member of the Executive Committee; and (3) Ms. Fan Minchang will step down as Chairman of the Executive Committee but will continue to be a member of the Executive Committee.