|Bid||9.220 x 0|
|Ask||9.230 x 0|
|Day's Range||8.840 - 9.300|
|52 Week Range||5.820 - 10.560|
|Beta (5Y Monthly)||1.54|
|PE Ratio (TTM)||16.29|
|Earnings Date||Oct 27, 2020 - Nov 02, 2020|
|Forward Dividend & Yield||0.30 (3.36%)|
|Ex-Dividend Date||Jun 11, 2020|
|1y Target Est||8.23|
Gambling revenue in Macau plunged 94.5% in July year-on-year, with casinos reeling from a lack of visitors in the world's biggest casino hub despite a loosening of quarantine restrictions which have seen only a modest rise in gamblers.
Casinos in the world's biggest gambling hub Macau are staring at heavy losses for the second quarter, with "not much hope" for a near-term recovery as a resurgence in coronavirus cases muddies the outlook for when China will reinstate travel visas. Visitors from greater China make up for over 90% of Macau's tourists, but given travel has dried up amid the health crisis, Morgan Stanley warns casinos in the special administrative region could rack up losses of $1 billion over April to June.
Hong Kong's highest-profile officials and business people paid their respects on Friday to Macau's gambling king, Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men. Ho, who died at age 98 on May 26, presided over the transformation of once-sleepy Macau into the world's biggest casino centre, outpacing the United States' Las Vegas strip. Shielded from challengers by a four-decade monopoly on gambling, Ho grew his operations into one of the world's most lucrative gaming businesses through his flagship firm SJM Holdings, valued at about $6 billion.