Melco leads gains in Macau gaming stocks after April revenue, Sri Lanka's plan

Sands China

02/05/2024 04:01

** Melco International  0200.HK  leads rise among Macau
gaming stocks, rising 8.8% to HK$6.45, highest since Sept 18
    ** Macau's Gaming Inspection and Coordination Bureau said on
Wednesday April gambling revenue up 26% YoY to 18.55 bln patacas
($2.30 bln), bringing the total in the first four months to
75.87 bln patacas, up 53.7% YoY   
    ** Melco's listed subsidiary Melco Resorts & Entertainment
 MPEy.F  announces its collaboration with Sri Lanka's John
Keells Holdings PLC  JKH.CM  in their $1 billion plus integrated
resort development in central Colombo
    ** Melco Resorts also said its unit has been awarded a
20-year casino license by the Government of Sri Lanka
    ** Rivals also climb with Galaxy Entertainment  0027.HK ,
SJM  0880.HK , Sands China  1928.HK , Wynn Macau  1128.HK  and
MGM China  2282.HK  rising between 1.4% and 3.5%
    ** Hang Seng Commerce & Industry Index  .HSNC  rises 1.7%,
Hang Seng Composite Index  .HSCI  climbs 1.3% and Hang Seng
Index  .HSI  adds 1.4%



($1 = 8.0540 patacas)

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