Melco leads rise in Macau gaming stocks on February revenue growth

Sands China

01/03/2023 07:50

** Melco International  0200.HK  leads rise in Macau
gaming-related stocks, rising 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) 
    ** February was the second month for Sands China  1928.HK ,
Wynn Macau  1128.HK , MGM China  2282.HK , Galaxy Entertainment
 0027.HK , SJM  0880.HK  and Melco under new 10-year contracts
    ** Shares of Galaxy Entertainment, Sands China, SJM, Wynn
Macau and MGM China rise between 1.8% and 6.9%
    ** 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)
 ((donny.kwok@thomsonreuters.com))