Citigroup has suggested that the price drops were excessive.<\/p>\n\n\n\n\n\n\n\n
Macau.- The inclusion of an amendment addressing illegal money exchange<\/a> in Macau’s proposed Law on Combating Illegal Gambling Crimes<\/a> hit gaming stocks on Monday. Citigroup’s George Choi and Ryan Cheung said the measure had harmed already fragile investor sentiment but that price declines might be excessive considering positive factors such as increased visitor numbers, the recovery in mass gaming revenues, and improved EBITDA margins. <\/p>\n\n\n\n Galaxy Entertainment Group shares fell by 4.38 per cent on Monday, hitting a three-year low. MGM China Holdings fell by 4 per cent and Sands China lost 2.9 per cent before recovering slightly on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":" Citigroup has suggested that the price drops were excessive.<\/p>\n","protected":false},"author":176,"featured_media":777014793,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"A proposed amendment to Macau's anti-illegal gambling law, specifically targeting illegal money exchange, has triggered significant declines in gaming stocks, despite Citigroup's assessment that the market reaction may be excessive. Major operators including Galaxy Entertainment Group, MGM China Holdings, and Sands China experienced notable share price depreciation. This legislative development impacts investor sentiment and the operational landscape for integrated resorts in the jurisdiction.","focusai_entities":"Citigroup, George Choi, Ryan Cheung, Galaxy Entertainment Group, MGM China Holdings, Sands China","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.95), payments_fraud_aml (0.85), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Impact Assessment","query":"What specific provisions within Macau's proposed anti-illegal gambling law, beyond illegal money exchange, could further impact operator GGR and NGR projections?"},{"label":"Investor Sentiment Outlook","query":"How might Citigroup's assessment of 'excessive' price drops influence institutional investor sentiment and capital allocation strategies for Macau-centric gaming equities in the near term?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-777018089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777018089"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018089\/revisions"}],"predecessor-version":[{"id":777018119,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018089\/revisions\/777018119"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777014793"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}