Gaming

Macau gaming stocks see US$3.5 B wiped from market cap

Friday 11 de March 2022 / 07:49

⏱ 1 min read

(Macau).- Almost US$3.5 billion has been wiped off from the market capitalization of Macau’s gaming operators since Friday as investors continue to exhibit caution over the sector.

Macau gaming stocks see US$3.5 B wiped from market cap

The Hong Kong-listed entities of all six Macau casino concessionaires have fallen substantially in the 72 hours between trading close on Friday and trading close on Monday, the most substantial being Melco International Development – the majority owner of Melco Resorts & Entertainment – which saw its share price fall 7.9% to HK$6.97.

SJM Holdings fell 7.4% to HK$3.75, Sands China by 7.2% to HK$18.44 and MGM China by 6.4% to HK$4.52, while Galaxy Entertainment Group dropped 5.5% to HK$39.85 and Wynn Macau by 5.0% to HK$6.14.

In total, the combined market cap of the six companies fell by 6.3% or HK$27.1 billion (US$3.47 billion) to HK$403.6 billion (US$51.6 billion).

It is not immediately clear what has caused the share prices to decline although it comes just days after the Macau SAR Government announced a six-month extension to the current 20-year licenses of all six concessionaires, from their previous expiration date of 26 June 2022 until 31 December 2022.

It is expected that amendments to Macau’s gaming law will be finalized by the Legislative Assembly by June, with a re-tendering process for gaming concessions to be conducted in the second half of the year.

Macau’s gaming stocks had been gradually recovering since losing 26% of their value – HK$143 billion (US$18.4 billion) – in a single day last September in response to the Macau government first unveiling its draft revisions to the city’s gaming law.

By Andrew W Scott and Ben Blaschke

Categoría:Gaming

Tags: Sin tags

País: Macao

Event

SBC Summit 2026

29 de September 2026

Ready Play Gaming Highlights New Opportunities After SBC Summit 2026

(Lisbon, SoloAzar Exclusive).- Ready Play Gaming's Head of LATAM, Rocío Moitiño, analyzed the results of the company's visit to SBC Summit 2026, where she held meetings with operators and partners, presented new gaming proposals and identified opportunities to expand its international distribution.

Tuesday 13 Oct 2026 / 12:00

Uplatform Brought "Your Dreams. Our Platform" to Life at SBC Summit Lisbon 2026

(Limassol).- At Stand D215, Uplatform turned operator visions into reality during SBC Summit Lisbon 2026, blending standout experiential design with cutting-edge iGaming solutions.

Friday 09 Oct 2026 / 12:00

Kambi Highlights Network and LatAm Growth at SBC Summit

(Lisbon, SoloAzar Exclusive).- Mateo Lenoble, Head of Sales LatAm at Kambi, spoke to SoloAzar during SBC Summit 2026 in Lisbon about the company’s objectives at the event, the business opportunities emerging across Latin America, and the meaning behind its refreshed “Powerful Network. Proven Edge.” positioning.

Friday 09 Oct 2026 / 12:00