Gaming stocks picked up in early trading. As of press release, Galaxy Entertainment (00027) rose 3.69% to HK$40.75; MGM China (02282) rose 3.25% to HK$12.08; Aobo Holdings (00880) rose 3.03% to HK$2.38; and Sands China (01928) rose 2.84% to HK$21.75.
The Zhitong Finance App learned that gaming stocks picked up in early trading. As of press release, Galaxy Entertainment (00027) rose 3.69% to HK$40.75; MGM China (02282) rose 3.25% to HK$12.08; Aobo Holdings (00880) rose 3.03% to HK$2.38; and Sands China (01928) rose 2.84% to HK$21.75.
According to the news, the Macau Tourism Administration previously announced that starting March 6, the Mainland will add Xi'an in Shaanxi Province and Qingdao in Shandong Province as “individual tourist” cities for Hong Kong and Macao. The purpose of this adjustment is to actively expand the number of visitors, expand the mainland market, and accelerate the recovery of the tourism economy.
UBS released a research report saying that the operating expenses, competitive environment, and non-gaming business development of gaming companies in Macau are becoming positive, and they are optimistic about the prospects of the industry, and prefer Sands China. As far as demand is concerned, Macau gaming companies are generally optimistic about the sustainability of the recovery in midfield gaming revenue, and non-gaming activities are also increasing Macau's appeal.