Sands China leads rise in gaming stocks as Macau resumes quarantine free travel with China

LET group

03/08/2022 09:18

** Shares of Sands China  1928.HK  lead rise in Macau gaming
stock, rising as much as 5% to HK$18.60, the biggest daily pct
rise since June 28 if gains hold
    ** Macau's government said on Wednesday people could enter
the neighbouring mainland Chinese city of Zhuhai without
quarantine, a further relaxation of stringent COVID-19 policies
as the world's biggest gambling hub seeks a return to normal
 urn:newsml:reuters.com:*:nL4N2ZF1K0
    ** Authorities reopened public services and entertainment
facilities in the Chinese special administrative region on
Tuesday  urn:newsml:reuters.com:*:nL1N2ZD0CJ
    ** "Although we do not expect this should lead to any
material improvement in visitation, this is another step in the
right direction towards normalisation," Daiwa wrote in a note
referring to Tuesday's move by the Macau government
    ** Shares of SJM  0880.HK , Wynn Macau  1128.HK , Galaxy
 0027.HK , MGM China  2282.HK  and Melco International  0200.HK 
rise between 0.5% and 1.6%  
    ** Macau's junket operator Suncity Group  1383.HK  rise 2.4%
    ** The Hang Seng Commerce & Industry Index  .HSNC  gains
0.9%, the Hang Seng Composite Index  .HSCI  climbs 0.1% and the
benchmark Hang Seng Index  .HSI  gains 0.2%


 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))