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Soochow Securities (Hong Kong): The market is concerned about changes in market share in the gambling market in the second quarter, bullish on Galaxy Ent (00027), Sands China (01928), etc.
Soochow Securities (Hong Kong) is bullish on Sands China's (01928) performance and expects a turnaround in the third quarter.
Macao Gaming Inspection Bureau conducts special inspections on casinos and has found suspected unlicensed gambling intermediary activities.
The Macau Gaming Inspection and Coordination Bureau posted on a social application in mainland China yesterday (24th), announcing that a special inspection and audit of Macau entertainment venues was conducted recently, and suspected gambling intermediary activities were found, that is, non-licensed gambling intermediaries engaging in gambling business.
After taking a leave of absence, He Yicheng made his first public appearance.
Chief Executive Ho Iat Seng delivered his speech in a video at an event yesterday, making his first appearance since taking his third leave of absence on June 21. Ho's vacation will last till July 29. The Macao Government Information Bureau responded to media inquiries on the same day, saying that Ho Iat Seng underwent routine physical examination and necessary treatment during his vacation, and that he is currently in good health. Macao will hold the Chief Executive Election in October this year, but the specific election date has not been announced yet. According to the Macao Forum Daily cited unnamed sources previously, Ho Iat Seng intends to announce his candidacy for Chief Executive again in mid-August despite a minor health incident.
In the first half of the year, the room rates of all hotels in Macau increased by more than 11% annually, with an average occupancy rate of nearly 90%.
The Macao Tourism Bureau announced that the average room rate for all hotels in Macau in the first half of the year increased by 11.1% YoY to 1,402.8 Macau Patacas (MOP), with the average room rate for five-star hotels being 1,582.4 MOP, an increase of 12.4% YoY. The average occupancy rate of Macau hotels in the first half of the year was 89.6%, an increase of 8.6 percentage points YoY. The occupancy rate of three-star hotels was the highest at 93.4%. In June alone, the average room rate for all hotels in Macau increased by 1.9% YoY to 1,351.5 MOP, with the average room rate for five-star hotels being 1,557 MOP, an increase of 3.6% YoY, while the room rates for four-star hotels decreased by 4% YoY.
He Chit Cheng extended his vacation for a total of 39 days. Macao Government: The Chief Executive's physical condition is good.
According to the announcement from the Office of the Chief Executive of Macau, Chief Executive Ho Iat Seng will take another 10-day vacation from Saturday (20th) to the 29th, totaling 39 days off. During Ho's leave, the Secretary for Administration and Justice, André Cheong Weng Chon, will serve as the acting Chief Executive. In response to media inquiries, the Macau government stated that Ho Iat Seng underwent routine physical examination and received necessary medical treatment during the vacation, and his current physical condition is good. However, the authorities did not disclose the reasons for Ho's medical treatment. Ho Iat Seng suddenly announced a 13-day vacation starting on June 21st, originally scheduled to return to work on July 4th and then return to work on July 19th.
CreditSights: Macau's per capita tourist gambling spending has recovered to 93% of pre-epidemic levels, and it is expected that the annual gambling revenue will exceed the government's target.
According to a report released by CreditSights, the research department of Fitch Ratings, Macau's per capita gambling spending by tourists has recovered to about 93% of pre-pandemic levels this year. It is believed that Macau will maintain steady growth in the short term, and with transportation becoming more convenient, the number of tourists will continue to rise.
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