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Macao casino shares surge as China green lights tour groups

Sands China, operator of The Venetian, up nearly 16% on recovery hopes

Macao casino operator shares jump on news that the territory would open up to mainland tour groups from five regions for the first time in nearly three years.   © Reuters

HONG KONG -- Macao casino operator shares surged on Monday after news that China gave a green light to restart key tour group travel to the pandemic-hit gaming hub.

Among the city's Hong Kong-listed operators, Sands China led the climb with its shares soaring 15.65% by the close, while rival SJM Holdings jumped 11.57% and Wynn Macao shares rose 11.06%. Galaxy Entertainment climbed 7.29% and MGM China added 4.4%.

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