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The Macau casino sector is reeling again on Monday after China showed that the longstanding zero-tolerance COVID policy is still very much in effect. Earlier on Monday, officials in the economic center of Guangzhou announced that all schools and restaurants will be closed in or...
Melco Resorts & Entertainment ( NASDAQ: MLCO ) was downgraded by Credit Suisse as a Zero-COVID policy and a weakening consumer likely impact results. “Post 3Q, the gradual e-Visa and packaged tour resumption and slight normalization of Covid-19 policy (post Party ...
Macau casinos followed up a weak Q3 with only incremental improvement during the Golden Week national holiday in China that started off Q4. Macau saw a daily average of 26K arrivals for a total Golden Week tally of 182,152 visitor arrivals, according to Bank of America analyst Billy...
Summary Macau's gaming industry has fallen on hard times due to covid and other reasons. Signs point towards relaxation of zero-covid policies in China. Macau casino stocks have most to gain from a reopening. At the same time, gambling licenses for all Macau casino operators a...
The continued recovery of an important market is a possibility that has excited Melco Resorts & Entertainment (NASDAQ: MLCO) investors over the past few days -- so much so that, amid the general stock market gloom, Melco shares glowed like a bright neon sign. They rose by 25% ac...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Even though the stock market has performed miserably lately, and throughout most of 2022, macroeconomic data shows there is reason to be hopeful equities can rebound meaningfully sooner rather than later. Moreover, unlike i...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: Maridav/Shutterstock, Inc. Casino stocks are rising higher on Monday and they have China’s easing Covid-19 restrictions to thank for the boost! China is planning to reduce restrictions in Macau, the w...
The stock market fell sharply last week, and investors are still waiting to see if major market benchmarks hit bottom Friday when they challenged the lowest levels since June. On Monday morning, it appeared that Wall Street was preparing for another leg lower, as the Dow Jones Industrial ...
Studio City International Holdings Limited ( MSC ) was the biggest gainer in the casino sector in early trading on Tuesday after Hong Kong relaxed some of the COVID hotel quarantine rules in the city in an effort to attract more visitors and workers. While it is a far cry from a...
The Macau casino sector pushed higher in early trading on Tuesday off indications that Hong Kong wants to relax COVID rules such as mandatory hotel quarantine. The expectation is that hotel quarantine will be replaced with seven days of home health monitoring. Crucially, Mainlan...
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MACAU, July 12, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment’s Studio City is home to one of the World’s Most Beautiful Hotels according to UNESCO’s World Architecture & Design Award, the Prix Versailles . Awarded to W Macau – Studio City loca...
2024-07-03 04:16:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
MACAU, June 27, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been awarded the talent development industry’s most rigorous and coveted recognition, 2024 BEST Award by Association for Talent Development (ATD). Globally, the award recognizes organizations that demonstrate en...