HONG KONG -- Macao casino stocks bounced higher on Monday, with investors seeing draft gaming law amendments unveiled by the city late Friday as good news after two years of COVID-induced gloom.
The Hong Kong-listed subsidiaries of U.S. casino operators led the charge, with Sands China gaining 14.6%, Wynn Macau 11.9% and MGM China 11.7%. Locally based operators Galaxy Entertainment Group, Melco International Development and SJM Holdings each rose between 4.8% and 7%.
