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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CREDIT UPDATE
In July, Macau's gaming revenue rose by 12% y/y falling short of the median analyst estimate of a 14% increase. This revenue level represents 76% of the pre-pandemic amount from 2019.
- Beijing’s crackdown on illegal money exchange activities and cross-border gambling has dented sentiment among players.
- Macau reported 2.55m visitor arrivals in June, which is about 82% of the pre-pandemic level. This is likely due to China easing international travel restrictions and visa regulations encouraging for Chinese citizens, prompting them to travel international rather than locally to Macau.
- The BBG Macau Gaming Index is down 29% from the May highs.
- Bonds were little changed overnight, although trades near widest levels to underlying benchmarks since March to be one of the worst performing sectors recently.
Macau Gaming Universe - BBG
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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