Macao Casinos Jump Most in Six Months on Tourism Revival Bets
(Bloomberg) — Macao casino stocks surged the most in six months after the city announced its plan to welcome back tour groups from the Chinese mainland as soon as November, marking a breakthrough that could boost the gambling hub’s tourism-dependent economy that’s been hammered by Covid restrictions.
A Bloomberg Intelligence gauge of the city’s six licensed casino operators gained more than 10% on Monday. Sands China Ltd. climbed more than 18%, leading the advance, while SJM Holdings Ltd. rose more than 14%.
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