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Wynn Resorts, which also predominantly relies on the enclave for the vast chunk of its GGR, saw its stock price fall even more at nine percent. MGM Resorts, which opened its $3.4 billion integrated casino resort on the Cotai Strip in February, lost over three percent in early trading.<\/p>\n<\/div>\n
Melco Resorts lost eight percent in its NASDAQ trading. Along with Galaxy Entertainment and SJM Holdings, Melco is also traded on the Hong Kong Stock Exchange (HKSE). The market was closed Monday to celebrate the Hong Kong Special Administrative Region Establishment Day, which was Sunday, July 1.<\/p>\n
Sands China, Wynn Macau, and MGM China additionally traded on the HKSE.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau casinos fell short of analyst expectations in June, with gross gaming revenue (GGR) totaling $2.78 billion, a 12.5 percent premium on the same month in 2017. June marked the enclave’s 23rd consecutive month of growth, but it was also the second month in a row where casino GGR fell short of fiscal expectations. The […]<\/p>\n","protected":false},"author":25,"featured_media":82401,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Macau Casinos Miss Forecasts, Posts 23rd Consecutive Monthly Gain<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n