Arabian Post Staff -Dubai
Macau’s casino operators are witnessing a sharp rise in share prices, driven by strong performances during China’s Golden Week holiday. Major players like Wynn Macau, Sands China, and MGM China saw their stocks rally, signaling investor optimism about a potential rebound in the gaming sector.
Wynn Macau led the charge with a 5.5% increase in its Hong Kong-listed shares, reflecting growing market confidence in the company’s ability to benefit from the surge in tourism during the holiday period. China’s weeklong National Day holiday, a major driver for travel and spending, has brought a significant influx of visitors to Macau. This rise in tourist activity is revitalizing the territory’s crucial gambling industry after years of COVID-related setbacks.
Industry experts pointed to the “premium mass” segment as a critical factor in the sector’s resurgence. Premium mass players, typically affluent but not quite VIP, have shown strong engagement at Macau’s casinos. This group has emerged as a key driver of revenue growth for many operators, particularly as the VIP segment struggles with tighter regulations. This shift in focus from VIP gambling to a more diversified client base is helping smaller operators in the market thrive as well.
