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…..).


Related Posts

Bond – the casino fashion icon. What to Wear at The Casino Tables

As previously mentioned, here on Online Casino King we love James Bond, and we love his dapper style whether in the casino, on the slopes, throwing himself across the bonnet of a classic car, seducing beautiful women, or being...

Bet on the UEFA Champions League Final 2009 FC Barcelona vs Manchester United

Not long to go! Even if you aren´t into football, you must know that tonight is the UEFA Champions League Final between FC Barcelona and Machester United in Rome. We have a special 25 free bet from Betfair and...

GVC and Amaya versus 888 in bid

Things are hotting up in Online Casino Land, with a big merger on the cards. And it´s all revolving around which itself is a consolidation of bwin and Party Casino. 888 have been nosing around, and now GVC...