Your Daily Asia Gaming eBrief: Wynn first to submit to Macau tender

Good Morning. Today is the day: the deadline for the tender submissions to the six potential 10 years of gaming concessions in Macau. Wynn was first off the gate and sentiment rallied gaming stocks.

What you need to know

• J.P. Morgan attributes the surprise gaming stock rally to the sentimentality of the tendering process ending today. Wynn was the first to submit. 
• Bernstein writes that despite disappointing Mid-Autumn Festival visitation, on China travel restrictions, Macau's weekly GGR was up 6 percent.

On the radar

• Wynn Macau first to bid for Macau 10 years gaming concession.
• Queensland revenues up 36 percent at $200m.
• Star Entertainment Group unfit to operate in Sydney
• Galaxy remains confident in Macau long term.
• Resort World buys out Star Cruises for $3.5 million.
• Hong Kong Jockey Club clocks a loss of $20m for FY22.

AGB Intelligence

REPORT

Macau gaming stocks rally on concessions' submission deadline

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