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Macau’s gaming law reforms positive for casino industry, but outlook clouded by Covid-19 uncertainty, UBS, JPMorgan analysts say | South China Morning Post

Source: scmp.com scmp.com
News Snapshot:

The amendments to Macau’s gaming laws have removed significant regulatory overhang for the city’s casino industry, but the outlook for the sector remains clouded because of the uncertainty over Covid-19, analysts said. Macau’s casino stocks jumped in Hong Kong on Monday as investors cheered the biggest reform in gambling laws in the world’s largest betting hub. Hang Seng Index constituents Sands China soared 14.6 per cent and Galaxy Entertainment jumped 7 per cent, pacing a rally in gambling concessionaires. MGM China gained 11.7 per cent, while Melco International and SJM Holdings rose at least 4.8 per cent. Wynn Macau added…

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