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Shares in Macau’s casino giants yesterday morning surged after officials announced regulation changes, reducing the uncertainty that has plagued the lucrative sector’s six operators.
The multibillion-dollar industry has been on tenterhooks since officials in September last year announced an overhaul, but new rules unveiled on Friday were less punishing than expected.
Shares in all six casino operators rallied early yesterday in Hong Kong trading, with Sands China Ltd (金沙中國) seeing the greatest gain at almost 13 percent, followed by Wynn Macau Ltd (永利澳門) at 9.6 percent.
MGM China Holdings Ltd (美高梅中國控股) which operates two massive properties in Macau saw an
Macau on Friday unveiled plans to slash the duration of new gaming licences to just 10 years, half the length awarded the last time concessions were granted, as authorities tighten regulation of the world's biggest casino hub.
Macau on Friday unveiled plans to slash the duration of new gaming licences to just 10 years, half the length awarded the last time concessions were granted, as authorities tighten regulation of the…