Melco leads rise in Macau gaming stocks on Feb revenue growth

Sands China

01/03/2023 11:48

(Updates)
    ** Melco International  0200.HK  leads rise in Macau gaming-related stocks;
up as much as 8.5% to HK$10.50 - highest since Feb. 10
    ** Stock to mark biggest daily pct rise since Jan. 9, if current gains hold 
    ** Macau posts a 33.1% year-on-year rise in February gambling revenue to
10.3 bln patacas ($1.27 bln) 
    ** Shares of U.S. casinos Caesars Entertainment Inc  CZR.O , Las Vegas Sands
Corp  LVS.N , Wynn Resorts Ltd  WYNN.O  and, Melco Resorts & Entertainment Ltd
 MLCO.O  up between ~1% and ~5% premarket
        ** Citi sees Macau's March gross gaming revenue at 10 bln patacas after
government lifts mask mandate 
  
    ** The Hang Seng Commerce & Industry Index  .HSNC  jumps 5.1%, the Hang Seng
Composite Index  .HSCI  surges 4.2% and the Hang Seng Index  .HSI  rises 4.1%   

($1 = 8.0850 patacas)

 (Reporting by Donny Kwok and Pratyush Thakur)
 ((donny.kwok@thomsonreuters.com pratyush.thakur@thomsonreuters.com))