Macau Casino Stocks Jump on Strong Chinese Holiday Tourism

Growth of China mainland visitors to Macau doubled from 2018
Tourism growth is bright spot amid concerns of slowdown

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By Daniela Wei

February 11, 2019 at 5:35 AM UTC

Updated on

February 11, 2019 at 10:23 AM UTC

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Macau casino shares jumped after China’s Lunar New Year holiday saw tourism growth double to the world’s biggest gaming hub.

China mainland visitors to Macau reached almost 900,000 during the week-long Chinese New Year holiday, climbing 26 percent from last year’s festive holiday, according to Macau’s tourism office. That accelerated from last year’s 12 percent growth and triggered a rally for the Hong Kong-listed casino operators.