11/18/2023 0 Comments Mgm casino thailandThe decision to look into alternate markets underscores the operators’ concerns about Macau’s future. This increasing trend also contributed to a 5% increase in Bloomberg Intelligence’s index of Macau casino operator shares. In Hong Kong trade, Galaxy’s shares increased by up to 5.3%, while MGM China, a subsidiary of MGM Resorts, increased by more than 6%. The news of possible expansion into new areas has boosted the stocks of both casino companies. Casino stocks benefit from a positive market reaction These prospective changes come as operators voice fears about Macau’s future, owing to China’s demand for the enclave to shift its focus away from gambling and towards entertainment, as well as heightened monitoring on gaming activities. According to reports, Galaxy, founded by billionaire Lui Che-woo, is looking into gaming potential in the United Arab Emirates (UAE). To offset the difficult prospects in Macau, casino owners Galaxy Entertainment Group and MGM Resorts International are reportedly considering expanding into new regions, namely Thailand.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |