{"id":25256,"date":"2021-12-07T08:08:17","date_gmt":"2021-12-07T11:08:17","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=25256"},"modified":"2026-04-23T13:11:06","modified_gmt":"2026-04-23T16:11:06","slug":"macau-casino-stocks-rise-after-omicron-fears-abate","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-casino-stocks-rise-after-omicron-fears-abate","title":{"rendered":"Macau casino stocks rise after Omicron fears abate"},"content":{"rendered":"\n<p>Macau casino stock prices rose after worries about the new Covid-19 strain began to subside.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- News of the new Covid-19 strain, Omicron, spooked investors in Macau casino stocks due to fears over possible new lockdowns. However, the fears seem to have subsided and\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-casino-stocks-rise-after-announcement-of-covid-19-pill\">Macau gaming stocks<\/a>\u00a0have regained some of their lost ground. <\/p>\n\n\n\n<p>The stock prices of Las Vegas Sands, Wynn Resorts, Melco Crown Entertainment and MGM Resorts have<strong>\u00a0rebounded by mid-to-high single digits<\/strong>. While the Omicron variant has already been detected in 38 countries, no deaths have yet been reported.<\/p>\n\n\n\n<p>Macau casino stocks were also affected by the arrest of <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/suncity-group-chairman-arrested-in-macau\">Alvin Chau Cheok Wa<\/a>, CEO of Suncity Group Holdings. <strong>MGM China shares fell 11 per cent<\/strong>, and\u00a0<strong>Wynn Macau<\/strong>\u00a0and\u00a0<strong>Sands China\u00a0<\/strong>shares fell 9 per cent and 6 per cent respectively due to concerns about the short- and long-term consequences of the arrest.\u00a0<\/p>\n\n\n\n<p><strong>Analysts at JP Morgan Securities<\/strong>&nbsp;said that although the role of VIP gaming in Macau\u2019s casino industry has declined, stock prices had been harmed because \u201csome investors may interpret this as a signal of a potentially broader clampdown on gambling itself, a view that we don\u2019t agree with but cannot disprove.\u201d<\/p>\n\n\n\n<p>According to GGRAsia, Suncity Group accounted for 40 per cent to 45 per cent of the junket market in Macau based on 2019 figures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Macau casino stock prices rose after worries about the new Covid-19 strain began to subside.<\/p>\n","protected":false},"author":176,"featured_media":25291,"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 experienced significant volatility, initially rebounding as Omicron variant fears subsided. However, the arrest of Suncity Group CEO Alvin Chau subsequently depressed share prices for major operators, raising concerns among investors and analysts about potential broader regulatory clampdowns on the VIP junket sector.","focusai_entities":"Las Vegas Sands, Wynn Resorts, Melco Crown Entertainment, MGM Resorts, Alvin Chau Cheok Wa, Suncity Group Holdings, MGM China, Wynn Macau, Sands China, JP Morgan Securities, GGRAsia","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.8), operator_casino (0.9), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Junket Future","query":"What are the projected long-term implications of the Alvin Chau arrest for the Macau VIP junket market structure and its contribution to overall GGR?"},{"label":"Regulatory Risk Assessment","query":"How are major Macau concessionaires recalibrating their enterprise risk management frameworks in response to the perceived increased regulatory scrutiny on the VIP segment?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-25256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25256","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=25256"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25256\/revisions"}],"predecessor-version":[{"id":25266,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25256\/revisions\/25266"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25291"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=25256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=25256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=25256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}