Hong Kong gambling stocks fall on Macau casino closures

Macau-focused casino stocks declined after city officials announced a weeklong shutdown of gaming venues and other businesses to combat a surge in COVID-19 cases in the Asian gambling hub.

In early Monday trading in Hong Kong, Sands China Ltd. HK:1928 slid 7.2%, Wynn Macau Ltd. HK:1128 fell 5.9%, SJM Holdings Ltd. HK:880 lost 5.2% and Galaxy Entertainment Group Ltd. HK:27 shed 6.1%. The declines pushed 12-month losses for the companies to 25%-60%.


Source link

%d bloggers like this: