ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Travel & Leisure

Macao gaming stocks rise after new licenses decided

Malaysia's Genting loses bet on Macao gaming license

Genting's casino hotel Resorts World in Pahang, Malaysia: Genting lost its bid for a license to operate a casino in Macao, with the six current operators winning approval for another 10 years.   © Reuters

HONG KONG -- Macao gaming stocks gained in early Monday trade after the Macao government announced over the weekend that its six incumbent casino operators would be given licenses to operate for another decade from January.

Shares of Wynn Macau jumped as much as 14% while MGM China, Melco International, SJM Holdings and Sands China rose between 0.9% and 3.1%. Galaxy Entertainment fell by 1.1% when markets opened.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more