Macau casino stocks boosted as Beijing backs off certain restrictions [Seeking Alpha]
WYNN MACAU LTD UNSP/ADR (WYNMY)
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en.wynnmacaulimited.com
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Source: Seeking Alpha
Macau casino stocks boosted as Beijing backs off certain restrictionsNov. 11, 2022 7:12 AM ETMelco Resorts & Entertainment Limited (MLCO)LVSWYNNTCOMWYNMYSCHYYSJMHFGXYEFWYNMFMCHVFMCHVYSCHYFSJMHYMSCBy:Kevin P. CurranSA News Editorgionnixxx/iStock Unreleased via Getty ImagesCasino operators reliant upon Macau rose sharply on Friday after Chinese regulators moved to relax Zero-COVID policies.Under the new pandemic regulation guidelines, international travelers arriving in China must now observe a 5+3 regimen wherebythey are quarantined in a hotel for 5 days and then self-isolated for three days. The prior restriction had called for a 7 day quarantine. The so-called â??circuit breaker mechanismâ? that would cancel flights for one positive case has also been scrapped while passengers traveling to China will now only need to provide one negative test prior to departure rather than the previous demand of two within 48 hours of flight.â??The measures vowed to deal with excessive and one-size-
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