• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

HK stocks of Macau casino ops all rise after tender results

Nov 28, 2022 Newsdesk Latest News, Macau, Top of the deck  


HK stocks of Macau casino ops all rise after tender results

The stock prices of Hong Kong-listed firms directly linked to Macau casino operations rose in Monday trading, following the Saturday announcement that the six incumbent licensees had each been provisionally selected to get a new, 10-year gaming concession.

The stock price increase ranged from 0.47 percent, for Galaxy Entertainment Group Ltd, which closed at HKD43.05 (US$5.51); to as much as 15.14 percent in the case of Wynn Macau Ltd, and which ended the day’s trading at HKD5.02 per share.

SJM Holdings Ltd was up 6.96 percent, to HKD3.38. MGM China Holdings Ltd rose 13.06 percent, to HKD4.76. Melco International Development Ltd, the Hong Kong parent of United States-listed Melco Resorts and Entertainment Ltd, went up 8.17 percent, to HKD5.43 per share. Sands China Ltd rose 8.42 percent, to HKD18.80.

Nonetheless a number of investment analysts has commented that important detail from the concessions negotiation – including how much each must pledge over the life of the new concession period in operating capital for non-gaming business – was still to be disclosed.

The government confirmed in its Saturday announcement that the new concessions should begin from the start of January.


  • tweet
Related articles
  • Londoner Macao’s Harry Potter exhibition to open Dec 15
    Londoner Macao’s Harry Potter...

    Sep 22, 2023  

  • No swift resumption of dividends for most Macau ops: GS
    No swift resumption of dividends for...

    Sep 19, 2023  

More news
  • Strong Macau hotel bookings for autumn Golden Week
    Strong Macau hotel bookings for autumn...

    Sep 22, 2023  

  • Big players, tourists due for Golden Week say Macau experts
    Big players, tourists due for Golden...

    Sep 22, 2023  


Latest News

Strong Macau hotel bookings for autumn Golden Week

Strong Macau hotel bookings for autumn Golden Week

Sep 22, 2023  

A number of hotel properties at Macau casino resorts has already sold all or most of the rooms that are available on the open market, for most nights of the upcoming autumn Golden Week holiday...
Read More
Big players, tourists due for Golden Week say Macau experts

Big players, tourists due for Golden Week say Macau experts

Sep 22, 2023  

Philippines must up AML to exit FATF grey list says lawmaker

Philippines must up AML to exit FATF grey list says

Sep 22, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”This year, so far, we will be starting [revamp] work at Grand Hyatt; then, we are looking at Countdown, and afterwards we will look at Altira and others”

Lawrence Ho

Chairman and chief executive of Melco Resorts



Most Popular

  • Golden Week Macau GGR to be 17pct up on rest of Oct: MSGolden Week Macau GGR to be 17pct up on rest of Oct: MS September 21, 2023
  • Macau logs 3.2mln visitors in Aug, only 4pct from overseasMacau logs 3.2mln visitors in Aug, only 4pct from… September 20, 2023
  • Grand Hyatt MICE revamp before year end: Melco CEOGrand Hyatt MICE revamp before year end: Melco CEO September 21, 2023
  • No swift resumption of dividends for most Macau ops: GSNo swift resumption of dividends for most Macau ops: GS September 19, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us