Japan bill boosts Macau’s activity

Japanese and Chinese gaming companies reported a positive response to casino legalisation.

Macau.- As the Japanese Lower House committee passed last Friday the casino bill, Macau operations have climbed. According to South China Morning Post, several Japanese companies have noted a rise in its gambling shares. Furthermore, Macau’s casinos have reported good share numbers during the weekend.

The Hong Kong Stock Exchange shown on Monday morning that Niraku GC Holdings’ shares have risen a 139 percent reaching the US$0.22 and Dynam Japan Holdings Co also reported an increment of 44 percent to US$189.67. The Japanese companies are interesting in developing the regional casino industry.

Yesterday, the Hong Kong Stock Exchange also published the positive results for Macau’s casinos, including Wynn Macau stocks, which rose 2.7 percent, MGM China with an increment of 2.4 percent, Galaxy Entertainment with a reported growth of 1.8 percent, and Sands China that shown a 1.1 percent of raise.

The Chinese gambling hub would face its major competitor if Japan completely approved the casino legalisation in the following months. Today, the authorities will keep debating on the bill, which generates a large amount of opponents. Casino legalisation in the Asian country would be implemented by 2023.