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home / news releases / MLCO - Macau casino revenue expected to improve during Golden Week from recent trend

MLCO - Macau casino revenue expected to improve during Golden Week from recent trend

Melco Resorts & Entertainment Limited
SJM Holdings (SJMHF) CEO Ambrose So Shu Fai expects gross gaming revenue for Golden Week in Macau to come in about 30% to 35% of last year's level. Junket operator Suncity (SCGHF) is more cautious with an estimate that GGR will be about 20% to 30% of the level seen in 2019.Macau GGR has been down at least 90% for five months in a row. Golden Week starts on October 1, which is just a week after tourist exit visas to Macau open back up from other parts of China other than the Guangdong province. Macau casino stocks: Wynn Macau ([[WYNMF]], [[WYNMY]]), Wynn Resorts (WYNN), Sands China ([[SCHYY]], [[SCHYF]]), Las Vegas Sands (LVS), MGM China ([[MCHVF]], [[MCHVY]]). MGM Resorts (MGM), Galaxy Entertainment (GXYEF), Melco Resorts & Entertainment (MLCO), Studio City International (MSC). Related ETF: [[BJK]]. Compare Macau casino stocks side by side

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Macau casino revenue expected to improve during Golden Week from recent trend
Stock Information
Company Name: Melco Resorts & Entertainment Limited
Stock Symbol: MLCO
Market: NASDAQ
Website: melco-resorts.com
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