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…..).

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