The Macau government has announced that it is keeping the number of casino licenses at six with an operating period of 10 years, which has instilled confidence in the market and has allowed the six casino operators to gain 9.9% in value, which translates to 42.2 billion Hong Kong dollars.
This very positive announcement comes after restrictive measures were announced in September that caused losses of 18.4 billion dollars in one day.
It should be noted that Sands China rose 15.4%, followed by MGM China with 12.1%. While Wynn Macau, Galaxy Entertainment Group and Melco International Development registered increases of 7.2% and 8.2%, respectively. SJM Holdings made a profit of 5%. Thus, the overall market value of the operators is around HK$469 billion.
On the other hand, according to the government announcement, dividend payments will not be reduced, new investment obligations will not be imposed, and operators will not be required to accept a government representative on their boards.
However, the health situation continues to generate uncertainty in gross gaming revenue in the short term.
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