UBS bullish on Macau casino operators as Swiss bank expects gaming hub to benefit from pent-up demand
Once Macau relaxes border controls further, there will be a greater recovery in the gaming sector, says Angus Chan of UBS Global Research
Macau’s gross gaming revenues soared over 1,000 per cent year on year in April to 8.4 billion patacas (US$1.05 billion)
Macau Lifts Coronavirus Travel Restrictions From Mainland China, Boosting Casino Stocks yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
MACAU, 25 January 2021: Londoner Macao will
be the latest addition to Macau Casinos, referred to as integrated resorts,
when its first phase opens 8 February 2021.
Owner Sands China Ltd called it a bold
British-themed reimagining of the Sands® Cotai Central integrated resort at a
pre-opening gig last week held for more than 2,000 team members. When it is
fully open the resort will muster 5,700 staff. Among them, 25 per cent have
served the company for at least 10 years, and have extensive experience opening
two or three properties; nearly 10 per cent have already reached their 15-year
milestones.
More than 2,000 Sands China team members joined rallies at the Londoner Theatre Tuesday, ahead of the 8 February first-phase unveiling.