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In a familiar refrain, Macau-linked casino stocks slid sharply on Monday amid reports that regulators are stepping up action to curb rising COVID cases. According to official figures, cases jumped to 1,526 in the region since mid-June. A Johns Hopkins case tracker indicates that the...
The Macao SAR Government has ordered the closure of all commercial and industrial businesses for the next week with limited exceptions for essential services. The decision was made after 71 new COVID cases were reported locally to bring the total number of positive cases in the late...
Bank of America stayed constructive on the Macau sector after the region saw its worst monthly gross gaming revenue tally since September of 2020 when GGR fell 62.1% year-over-year to 6.54B patacas in June. The sharp drop was due to local COVID cases in Macau and travel restrictions thr...
Studio City International Holdings Limited (NYSE:MSC) announced it entered into a subconcession contract with Melco Resorts Limited to extend the expiration of the contract date for the Studio City Casino to December 31, which coincides with the extended expiration date of all...
MACAU, June 23, 2022 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE: MSC) (“Studio City” or the “Company”), a world-class integrated resort located in Cotai, Macau, today announces that Melco Resorts (Macau) Limited, a subsidiary of Mel...
Bank of America said the final version of the gaming law passed by the Macau Legislative Assembly reflected the amendments that have been revealed in the past couple months and were in-line with expectations. The amendment bill allows for six new concessions, with a maximum term of 10 years a...
Gainers: Turning Point Therapeutics (TPTX) +117%. Energy Focus (EFOI) +40%. Galecto (GLTO) +25%. Adaptimmune (ADAP) +22%. Amylyx Pharmaceuticals (AMLX) +22%. AudioEye (AEYE) +20%. Sprague Resources LP (SRLP) +20%. Global Cord Blood (CO) +18%. GreenBox (GBOX) +17%. Kopin (KOPN) +15%. Losers: N...
Gainers: Integrated Media Technology (IMTE) +22%. Missfresh Limited (MF) +20%. Chewy (CHWY) +19%. EBET (EBET) +18%. Lands' End (LE) +17%. Losers: Mullen Automotive (MULN) -13%. Studio City International Holdings Limited (MSC) -7%. Energy Focus (EFOI) -7%. Wah Fu Education Grou...
Gross gaming revenue in Macau fell 68% year-over-year during May to 3.34B patacas ($410M), according to the Gaming Inspection and Coordination Bureau. The monthly tally was 25% higher than the mark from April, but missed the consensus expectation for a drop of 64%. GGR is down 44% to $24.79B ...
Shareholders of Studio City International Holdings (NYSE:MSC +63.3%) were big winners on Tuesday. Shares of the Hong Kong-based casino operator surged over 90% at intraday highs as investors eyed the reopening of its flagship Cotai, Macau casino and resort. While gains moderated toward T...
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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...
2024-07-06 19:18:00 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...
2024-06-26 21:42:00 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...