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BUZZ-Wynn Macau leads rise in gaming stocks after govt invites new licence bids

BUZZ-Wynn Macau leads rise in gaming stocks after govt invites new licence bids

Reuters · 07/28/2022 04:00
BUZZ-Wynn Macau leads rise in gaming stocks after govt invites licence bids

** Wynn Macau WYNMF leads gains in gaming stocks, rising as much 5.3% to HK$5.34

** Stock will log its biggest daily pct. rise since June 28, if gains hold

** Macau's government on Thursday announced that operators can submit bids for casino licences in the world's biggest gambling hub from July 29 until Sept. 14

** Macau, which reported COVID-19 infections on Wednesday for the first time since mid-June has set up a committee to vet bidders for casino licences, expected to be decided by the end of the year

** Shares of MGM China MCHVF, Sands China SCHYF, Melco International MDEVF, SJM SJMHF and Galaxy Entertainment GXYEF rise between 1.9% and 3.6%

** The Hang Seng Commerce & Industry Index .HSNC slips 0.2% and the benchmark Hang Seng Index .HSI eases 0.3%



(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))