Macau: more operators confirm share price decline

Macau: more operators confirm share price decline

All six gaming operators in Macau have lost share price value as the Coronavirus outbreak continues to impact the city.

Macau.- All of Macau’s six gaming operators have now confirmed a significant share price decline over the past eight days as the impact of Coronavirus continues to be felt.

The decline is bad news for the sector which usually enjoys a strong trading period around Chinese New Year.

According to stock information collected by Macau News Agency (MNA) from the closing of the Hong Kong Stock Market at 4pm of January 21 to 4pm on January 29 share price changes were as follows:

Galaxy Entertainment Group stocks dropped 6.3 per cent to HK$53.15 (€6.20)

Sands China stocks dropped 3.9 per cent to HK$39.00 (€4.55)

MGM China stocks dropped 10.3 per cent to HK$11.60 (€1.28)

SJM Holdings stocks dropped 5.9 per cent to HK$8.85 (€1.03)

Wynn Macau stocks dropped 7.4 per cent to HK$17.26 (€2.01)

Gaming operator Melco Resorts, listed in NASDAQ, saw its stock price drop 10.7 per cent in the same period to US$20.18.

The number of visitors that traveled to Macau in the first five days of the Chinese New Year holiday period – from January 24 to January 28 – dropped 73.6 per cent year-on-year to 221,620 people.

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