Wynn Macau leads rally in Macau casino operators after new licences announced

Published on November 28, 2022 12:40 PM AEDT

Wynn Macau leads rally in Macau casino operators after new licences announced — Image source: ©2022 Kalkine Media®

HOING KONG - Shares of Wynn Macau are set to open up 7.8%, leading a rise in Macau gaming stocks after the city's government said over the weekend its six incumbent casino operators would be given new licences to operate in the world's biggest gambling hub from January.

SJM Holdings, Melco International and MGM China are set to rise between 1.3% and 5%.

Sands China is set to remain flat, and Galaxy Entertainment is set to open down 5.5%.

(Reporting by Donny Kwok; Editing by Tom Hogue)

Reuters

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