Changes in Hong Kong stocks | Gaming stocks collectively rebounded, Macau's gross gaming revenue rose 14% year on year in the third quarter, and the new law cracked down on the money exchange party and is expected to benefit the gaming industry

The Zhitong Finance App learned that gaming stocks rebounded collectively. As of press release, Sands China (01928) rose 4.69% to HK$18.74; Wynn Macau (01128) rose 4.51% to HK$6.26; MGM China (02282) rose 4.44% to HK$10.34; and Galaxy Entertainment (00027) rose 2.8% to HK$34.9.

According to the news, according to data from the Macau Gaming Inspection and Coordination Bureau, Macau Lucky Gaming's gross revenue for the third quarter totaled MOP 55.602 billion, up 14% year on year and down 1.4% from quarter to quarter. In January-September, the cumulative gross revenue of gaming was MOP 169.355 billion, an increase of 31.3% over the previous year.

According to another report, the “Law on Combating Illegal Gambling Crimes” was passed by the Legislative Assembly of the Macao Special Administrative Region. The law will take effect the day after promulgation. The law adds a crackdown on exchange practices commonly known as the “Money Exchange Party,” which can be punished with up to five years in prison. The Secretary for Administration and Justice of Macao, Zhang Yongchun, said that it is expected that with the passing of the law and strengthening enforcement, the gaming and entertainment environment in Macau can be improved and purified, which is beneficial to the security, economy and development of the gaming industry as a whole.