Macau's gaming revenues grew 10.3 percent year on year in July to 25.33 billion patacas (HK$24.6 billion), failing market expectations of 11.5 percent growth.

Accumulated gross revenues rose to 175.54 billion patacas, up 17.5 percent.

Credit Suisse said the market was dragged down by betting during the 2018 World Cup in Russia but the report added that the effect was gradually wearing off.

Share prices of gaming companies have dropped almost 20 percent in the past month driven by the slow growth of the gaming sector and depreciation of the yuan, according to Credit Suisse.

Credit Suisse said the share price has already reflected negative factors and believed that Macau's gaming revenue can reach 20 percent growth in August and September.