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Shares of Macau casino operators stage a rally in Hong Kong, with MGM China rising more than 3%, Wynn Macau and Sands China up more than 2%, Galaxy Entertainment up 1.2%.
Macau’s Statistics and Census Service (DSEC) said that the casino hub’s GDP expanded by 38.8% in real terms in the first quarter from a year ago, and the economy recovered to 66.4% of the same period in 2019.
During the period, Macau’s visitor arrivals reached 4.948 million, surging 1.6 times from a year earlier and representing 48.4% of the figure for the same period in 2019, driving gaming services exports and other tourism services exports up 100% and 72.9%, respectively, showed the data. In addition, more than 260,000 tourists visited Macau during the three days of the Buddha’s Birthday holiday.
