After removing restrictions for tourists from the PRC, Shares of Casino Macau rose sharply.
According to the latest data from the Hong Kong Stock Exchange, Macao Casino operators rose by more than 10%. Shares Sands China, for example, grew by 12% and now cost $ 376 per piece. Shares Wynn Macau rose by almost 14%, and stocks
Shares of casino operators from the autonomous region Macau rose in price by more than 10% in the Hong Kong Stock Exchange, reports Financial Times. Sands China Mgm China by almost 16%!
The thing is that on July 1, the Chinese government has canceled part of restrictions for tourists who want to visit Macau. Now the Chinese can visit Macao twice a month to 7 days maximum. We will remind, earlier, the Chinese were allowed to come to Macau once every thirty days and no more than 5 days.
According to analysts, such a sharp rise in price of shares is associated with the increased interest of hedge funds to Macao Casino.