Macau casino stocks jumped 7.2 per cent after Pfizer announced it has produced a pill that can cut reduce the worst risk of Covid-19 by 89 per cent.<\/p>\n\n\n\n\n\n\n\n
Macau.- Macau casino stocks rose\u00a0<\/strong>after Pfizer Inc. announced that its Covid-19 pill could reduce hospitalisations and deaths in high-risk patients by 89 per cent. Sands China shares gained 7.7 per cent<\/strong>. Wynn Macau, Galaxy Entertainment and SJM Holdings stocks rose by over 5 per cent and MGM China shares were up nearly 4.8 per cent.<\/p>\n\n\n\n The news was also well received by Genting Singapore and Genting Malaysia, which also saw their share prices rise.<\/p>\n\n\n\n Jun Rong Yeap, market strategist with IG Asia Pte in Singapore<\/strong>, said: “The fact that it is an oral treatment may also suggest that it may be more well-received, along with its high efficacy.\u201d<\/p>\n\n\n\n In August,\u00a0Macau\u2019s gaming operators<\/a>\u00a0saw stock values rise after authorities announced an easing of restrictions with the neighbouring province of Guangdong. However, reports of a\u00a0possible change in current gaming laws<\/a>\u00a0caused Macau casino stocks to fall in September. <\/p>\n\n\n\n Meanwhile, in October,\u00a0Ossolinski Holdings<\/strong>, an investment firm founded in 2009 by Matthew Ossolinski, announced the launch of its\u00a0Macau Gaming Fund III<\/strong>.\u00a0<\/p>\n\n\n\n According to Macau Business, Ossolinski Holdings said the fund\u2019s target customers are \u201ccontrarian investors\u201d who see a buying opportunity after a new outbreak of Covid-19 cases<\/a> hurt Macau\u2019s expectations for October\u2019s Golden Week<\/a> and led to a massive decline in visits.<\/p>\n","protected":false},"excerpt":{"rendered":" Macau casino stocks jumped 7.2 per cent after Pfizer announced it has produced a pill that can cut reduce the worst risk of Covid-19 by 89 per cent.<\/p>\n","protected":false},"author":176,"featured_media":21858,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau casino stocks surged following Pfizer's announcement of a highly effective oral COVID-19 treatment, signaling improved market sentiment for the region's gaming sector. This positive movement for operators like Sands China, Wynn Macau, and Galaxy Entertainment contrasts with previous volatility driven by regulatory uncertainties and earlier pandemic outbreaks. Concurrently, Ossolinski Holdings launched a new fund targeting contrarian investors in Macau's gaming market.","focusai_entities":"Pfizer Inc., Sands China, Wynn Macau, Galaxy Entertainment, SJM Holdings, MGM China, Genting Singapore, Genting Malaysia, Jun Rong Yeap, IG Asia Pte, Ossolinski Holdings, Matthew Ossolinski, Macau Business","focusai_location":"Macau, Guangdong, Singapore","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.95), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook","query":"What are the revised GGR projections for Macau in Q4 and FY2022, considering the potential impact of improved public health measures on visitation rates and consumer confidence?"},{"label":"Regulatory & Investment","query":"How might the improved market sentiment from public health advancements interact with the ongoing regulatory review of Macau's gaming laws, particularly concerning concession renewals and operational frameworks, and what implications does this have for new investment vehicles like the Macau Gaming Fund III?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-24344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=24344"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24344\/revisions"}],"predecessor-version":[{"id":24364,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24344\/revisions\/24364"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21858"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}