Caixin
Jan 17, 2022 02:38 PM
BUSINESS

Macao Casino Gauge Jumps 12% as Gaming Bill Eases Concerns

Macao unveiled plans late Friday to give a maximum of six casino licenses for terms up to 13 years. Photo: Bloomberg
Macao unveiled plans late Friday to give a maximum of six casino licenses for terms up to 13 years. Photo: Bloomberg

(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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