Obviously, today was a good day for Macau gaming equities. But that doesn\u2019t mean the environment is suddenly sanguine. Over the course of the pandemic, Chinese officials dangled reopening measures that would benefit Macau, only to go back on those pledges. Some officials note it\u2019s unlikely the zero COVID policy will be reversed.<\/p>\n
In the face of mounting uncertainties due to COVID-19, one thing remains certain \u2014 China will stick to its dynamic zero-COVID policy that has proven pragmatic and effective,\u201d<\/strong> an unidentified party official told the state-run Xinhua News Agency<\/em>.<\/p><\/blockquote>\nFor long-term investors, a silver lining from the Macau stock struggles is that operators are motivated to pursue other opportunities. For example, Wynn is developing an integrated resort in the United Arab Emirates (UAE) while maintaining an interest in New York. Likewise, Las Vegas Sands is tied to rumors regarding Thailand, and is interested in bringing a gaming property to Florida, New York, and Texas.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Chinese Communist Party (CCP) may be seeing the error of its ways when it comes to its zero COVID-19 policy, and that\u2019s to the liking of Macau gaming equities. Amid a strong day for risk assets, gaming stocks soared Friday on reports Shanghai — China\u2019s largest city — could soon loosen what\u2019s arguably been […]<\/p>\n","protected":false},"author":46,"featured_media":213512,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,10],"tags":[],"acf":[],"yoast_head":"\n
Macau Gaming Equities Surge On Shanghai Easing Lockdown Rumor<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n