Casino revenue jumped 59 % to us$ 1.55 billion in November from a year earlier
Casino stocks soar on strong Macau gambling revenues
(Macau).- Shares of Macau casino operators rose on Wednesday on reports gambling revenues in the enclave rose 59 % from a year earlier, signalling sustained growth in the world's largest gambling market.
2009-12-02
Reading time 30 seg
Shares of recent debutant Sands China, the Macau unit of Las Vegas Sands, rose as much as 5 % to us$ 1.29, while Wynn Macau, the Macau unit of Wynn Resorts soared as much as 7.3 % to a two-week high of us$ 1.35.
Macau casino revenue jumped 59 % to us$ 1.55 billion in November from a year earlier, according to analyst reports citing Portuguese news agency Lusa. SJM Holdings, Macau gambling tycoon Stanley Ho's flagship firm, gained as much as 5.1 % to a three-week high of us$ 0.56.
Shares of Galaxy Entertainment Group rose as much as 5.9 %, while Melco International Development , which is owned by Macau gambling scion Lawrence Ho, climbed as much as 3.9 % to a two-week high of us$ 0.54.
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