WYNN - Macau casinos eye weekend reopening - Reuters

Macau casinos could open their doors as soon as Saturday, according to Reuters.

Citing “a source with direct knowledge of the information”, the outlet indicated that regulators are quickly working to drop its most stringent restrictions. The reopening comes just about two weeks after state regulators moved to close all casinos amid rising case numbers. The recent shutdown was the first total closure since the early stages of the pandemic.

The projected reopening also comes directly after statements by Chinese premier Li Keqiang that highlighted the need to reopen the Chinese economy. This included tourism and international travel, which are key for Macau.

Premarket gainers among casino stocks included: Wynn Resorts ( NASDAQ: WYNN ) +2.38%, MGM Resorts International ( NYSE: MGM ) +1.38%, Melco Resorts & Entertainment ( NASDAQ: MLCO ) +3.02%, and Las Vegas Sands ( NYSE: LVS ) +1.75%.

Macau-specific casino stocks: Wynn Macau ( OTCPK:WYNMF ) ( OTCPK:WYNMY ), Sands China ( OTCPK:SCHYY ) ( OTCPK:SCHYF ), MGM China ( OTCPK:MCHVF ) ( OTCPK:MCHVY ), Galaxy Entertainment ( OTCPK:GXYEF ), SJM Holdings ( OTCPK:SJMHF ) ( OTCPK:SJMHY ), Studio City International ( MSC ).

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