Macau gaming stocks reach two-month high

Macau casino stocks have risen nearly 12 per cent following the announcement of quarantine-free travel from mainland China.

Macau.- All six gaming concessionaires have seen this stocks rally following the announcement of quarantine-free travel from mainland China. Shares have reached their highest level in two-and-a-half months.

Galaxy Entertainment Group saw a rise of 12 per cent, the highest since March 2020. Sands China shares surged as much as 10 per cent, the highest increase since December 2018.

Shares in Wynn Macau, Melco International Development, and MGM China Holdings climbed by about 9 per cent.

Analysts at Bloomberg said: “”asing quarantine policy between mainland China and Macau could provide a ground for foot traffic improvement for Macau casinos.”