Casino operators gain after Macau's June gambling revenue rises

Las Vegas Sands

01/07/2025 13:02

** Shares of some U.S.-based casino operators up in premarket trade after Macau reports rise in June gambling revenue

** Macau says June gambling revenue up 19% from a year earlier to 21.1 billion patacas ($2.61 billion)

** Shares of Wynn Resorts WYNN.O up 4.62%, Las Vegas Sands LVS.N up 5.8%, MGM Resorts International MGM.N marginally higher

** "We think June’s GGR (gross gaming revenue) still surprised to the upside, and believe many investors were expecting GGR +12-14% y/y" - JPMorgan analyst Daniel Politzer

** As of last close, S&P 500 Casinos & Gaming index .SPLRCCCGL down 7.77% YTD

($1 = 8.0850 patacas)

 (Reporting by Anshuman Tripathy)

 ((Anshuman.Tripathy@thomsonreuters.com))