Macau is Back On A Roll: Did You Buy any Shares? You Should Have!

Posted on December 4th, 2009

Well, if you didn´t buy any shares in the recent spate of Macau casino IPOs, you´ll be kicking yourself. Prices surged ahead this week.

Sands China, which is the new boy on the block and the Macau wing of the Las Vegas Sands Group ( LVS – news – people ), surged ahead by 5 percent to over HK$10, while Wynn Macau, the Macau wing of Wynn Resorts went up by more than 7% to a 2-week high water mark of HK$10.50.

Overall Macau casino revenue went up by 59 % to 12 billion patacas ($1.55 billion) in November from the previous year earlier, according to casino analyst reports.

Local boy Stanley Ho´s SJM Holdings went up over 5 % to a 3-week high of HK$4.35 and Shares of Galaxy Entertainment Group were up nearly 6% to HK$3.60.

Lawrence Ho´s Melco International Development gained nearly 4% to a fortnight high of HK$4.25. Black numbers across the board (although red is a lucky colour in China…..).

Topics Macau

Do you know your gambling trivia?

OK- so you call yourself a casino expert and you love playing games online. But did you know the following? The Romans loved games of chance and made dice out of sheep’s knuckles. The oldest dice known to man...

Atlantic City Smoking Ban

Atlantic City’s in new Jersey, USA casino smoking ban has seriously affected revenues, much like the smoking ban in the UK affected bingo hall revenues. The winner from all of this? Online casino sites and online bingo sites who...

Let it Snow, Let it Snow, Let it Snow. Make a Snow Bet!

While the Aussies are sweltering, the UK is under inches of snow. Today is being seen as “round two” and UK plc is on the ropes after yesterday´s performance in the first round! The UK continues to struggle on...