Macao casino shares rise as analysts forecast further gains
Macao casino shares rose on Hong Kong and US markets, with analysts reportedly expecting further gains. The Bloomberg Intelligence Index of Macao gaming shares had climbed 59% from its April low, compared with 31% for the Hang Seng Composite Index. Macao casino gross gaming revenue increased 19% to $2.60 billion in June, according to the Gaming Inspection and Coordination Bureau.
The share gains and revenue figures provide investors with indicators of performance and analysts’ expectations for Macao casino operators.