Macao gaming stocks see change in fortune

By Bloomberg | China Daily | Updated: 2016-02-17 08:20

A gauge measuring the performance of casino companies with operations in Macao versus Hong Kong's benchmark Hang Seng Index has broken above its 200-day moving average for the first time in three and a half years.

When that last happened, gaming stocks embarked on a 162 percent rally.

Shares in Sands China Ltd, Wynn Macao Ltd, Galaxy Entertainment Group Ltd, SJM Holdings Ltd and MGM China Holdings Ltd have rebounded an average 23 percent since Jan 21 as gaming revenue stabilized and earnings turned out better than expected.

Photo

Saihanba, Champions of the Earth!

Gloriously tasty fare draws the foodie faithful

Top 10 easiest places in the world to do business

Future tech on display at Light of the Internet Exposition

Starbucks Reserve Roastery set to open in Shanghai

Smile to get discounts in Tmall's unmanned supermarket

Today's Top News

Editor's picks

Art: Exhibition highlights porcelain over the centuries

Society: Unique, comfortable public toilets sprouting

Most Viewed

Special

4th World Internet Conference

19th CPC National Congress

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.

Registration Number: 130349