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Stock impact report

UPDATE 2-Wynn Macau leads rise in Macau casino stocks after new licences announced [Reuters]

MGM Resorts International (MGM) 
Last mgm resorts international earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.mgmresorts.com
Company Research Source: Reuters
Shares in Wynn Macau jumped as much as 18.8% to HK$5.18, their highest since Oct. 10, and were on course for their biggest daily gain since October 2011. The highly anticipated announcement on licences signals stability and continuity for the Macau operators who have invested more than $50 billion in the Chinese special administrative region in the past 20 years. “This removes a major overhang for the sector, particularly for the U.S. operators, and should be taken as a strong positive by the market,” UBS wrote in a research note on Monday. “We view this as the best outcome for Macau's gaming industry and the economy, as it ensures a seamless transition into the next concession period starting on 1 Jan 2023.” Stocks in Galaxy Entertainment, Sands China , SJM, Melco International and MGM China rose between 1.2% and 12.1% That compared to a 2.1% drop in the benchmark Hang Seng Index. However, Malaysian operator Genting missed out on a licence. The company did not immediatel Show less Read more
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