Macao Casino Gauge Jumps 12% as Gaming Bill Eases Concerns
(Bloomberg) — Shares of Macao casino operators surged after the city announced changes to its gaming law that was less harsh than investors had feared, removing regulatory uncertainty for the sector.
A Bloomberg Intelligence gauge of casino shares jumped as much as 12% in early Monday trading, the most in more than six years. Wynn Macau Ltd., Sands China Ltd. and Galaxy Entertainment Group Ltd. rallied by at least 10%.
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