May 17, 2021
In Macau and a group of legislators have reportedly called on the government to institute an official assessment regarding just how the city’s current crop of six licensed casino operators have performed over the past two decades.
According to a report from GGRAsia, the request comes as the former Portuguese enclave is considering how to conduct its expected casino license tendering process and an associated public consultation that could begin
Sands China Limited and
Wynn Macau Limited subordinates of Las Vegas Sands Corporation and Wynn Resorts Limited respectively, are due to see their authorizations expire in
June of 2021.
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The value of individual shares in Macau’s six licensed casino operators reportedly rallied earlier today following positive news regarding aggregated gross gaming revenues, local border restrictions and the roll-out of coronavirus vaccinations.
According to a report from Inside Asian Gaming, Galaxy Entertainment Group Limited saw the value of its singular shares rise by almost 9.2% to about $9.83 while fellow Hong Kong-listed operator SJM Holdings Limited recorded a 7.9% boost to approximately $1.44. The source detailed that the Sands China Limited subsidiary of Las Vegas Sands Corporation similarly chalked up an over 7.5% increase to around $4.97 as Wynn Resorts Limited’s lucrative Wynn Macau Limited subordinate posted a 4.97% swell to nearly $1.97.