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The Asia INT'L ENT exhibition is about to open, and Technology empowers the Gambling Industry to seize opportunities in May.
Jinwu Financial News | The Asia INT'L ENT Expo and Asian Integrated Resort Leisure Industry Expo (G2E Asia & Asian IR Expo) will be held from May 7 to 9, 2025, at the Venetian Macao. As the flagship exhibition of the Asian entertainment and integrated resort industry, this year's theme focuses on "Technology Driving the Future", covering diverse fields such as Gambling Technology, Smart Tourism, and Immersive Experiences. The exhibition will debut 100 innovative products in Asia, including AI-driven guest service Siasun Robot&Automation, unmanned cleaning equipment, AR interactive gambling machines, and more. A new section for "Smart Integrated Resorts" will be introduced at the expo.
Hong Kong stock Concept tracking | Hotel bookings in Macau during the May Day holiday are booming. Institutions are Bullish on Macau's holiday income performance (including Concept stocks).
The booking situation of several five-star luxury hotels in Macau has reached a state of being fully booked.
Morgan Stanley: On April 21, Macau's gambling revenue reached 13 billion Macau patacas. Bullish on MGM CHINA (02282) and GALAXY ENT (00027).
J.P. Morgan recommends that investors should maintain a defensive stance when selecting stocks, being Bullish on MGM CHINA (02282), as its first-quarter earnings are resilient and relatively high in value and yield, assigning a Shareholding rating.
Hong Kong stocks are moving | Macau Casino stocks are rising, MGM CHINA (02282) has increased by over 5%. Macquarie predicts that the Easter period will drive April's gaming revenue close to March levels.
Macau Casino stocks rose collectively in the morning. As of the time of writing, MGM CHINA (02282) is up 5.58%, at 10.02 HKD; MELCO INT'L DEV (00200) is up 4.39%, at 3.57 HKD; Sands China (01928) is up 3.96%, at 13.66 HKD.
Macau Seen to Experience Budget Deficit Should Gambling Revenue Fall, Chief Executive Says
Hong Kong stocks have shown unusual movements | Macau Casino stocks continue to decline, MELCO INT'L DEV (00200) fell over 3%, and Morgan Stanley pointed out the short-term downside risks for Macau Casino stocks.
Macau Casino stocks continue to decline. As of the time of writing, MELCO INT'L DEV (00200) is down 3.44% at 3.37 HKD; Sands China (01928) has dropped 2.74% to 12.8 HKD.