BJK - Macau aims to begin slow return back to normalcy again
Today is a key date for the Macau sector with a couple of incremental steps taking place in the slow return to normal tourism, updates Jefferies analyst David Katz. Several entertainment venues are reopening after being closed since October 6 and Zhuhai will relax its policy to requiring a negative COVID test result within 48 hours of arrival, instead of the prior policy for a 14-day quarantine. A key catalyst for the sector later this week will be the Las Vegas Sands (NYSE:LVS) earnings report, with investors focused on the company's update on cash use and the views on Macau's gaming law paper. Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY), Wynn Resorts (NASDAQ:WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF), MGM China (OTCPK:MCHVF, OTCPK:MCHVY). MGM Resorts (NYSE:MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY), Melco Resorts & Entertainment (NASDAQ:MLCO), Studio City International (NYSE:MSC). Macau stocks perked up last week after analysts pointed to
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Macau aims to begin slow return back to normalcy again