Macau Casino Stocks Surge on Recovery in China Tourist Arrivals

Official data showed mainland arrivals rose 34% from 2019
Non-gaming attractions are drawing younger visitors, says BI

The MGM Cotai casino resort, operated by MGM China Holdings Ltd., in Macau.
Photographer: Billy H.C. Kwok/Bloomberg

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By Sangmi Cha

February 14, 2024 at 9:30 AM UTC

This article is for subscribers only.

Shares of Macau casino operators rallied after official data showed the city recorded a jump in mainland Chinese tourist arrivals during the Lunar New Year.

MGM China Holdings Ltd. surged 10% in Hong Kong to the highest since June 2021, while Galaxy Entertainment Group Ltd. and Wynn Macau each advanced over 3%. A Bloomberg Intelligence gauge of Macau and Chinese gaming stocks was on track for a 10th straight day of gains.