Macau casino revenue falls sharply [Seeking Alpha]
WYNN MACAU LTD UNSP/ADR (WYNMY)
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Source: Seeking Alpha
Macau casino revenue falls sharply Macau gross gaming revenue dropped 8.6% Y/Y to 24.3B patacas ($3.0B) in August, according to data The GGR haul missed the expectation of analysts for a decline of around 4%. A slowing Chinese economy, Typhoon Lekima and the protests in Hong Kong are all believed to have held back traffic at Macau casinos during the month. YTD Macau GRR is down 1.9% to 198B patacas. Looking ahead to the balance of the year, some of the GGR comparisons will be easier for the Macau players to match. Macau casino stocks: Wynn Macau ( OTCPK:WYNMF OTCPK:WYNMY WYNN OTCPK:SCHYY OTCPK:SCHYF LVS OTCPK:MCHVF OTCPK:MCHVY MGM OTCPK:GXYEF OTCPK:SJMHF OTCPK:SJMHY MLCO MSC Related ETF: BJK
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