HomeMarket News Macau Casino Stocks Surge After Impressive December Revenue...

Macau Casino Stocks Surge After Impressive December Revenue Report Macau Casino Stocks Rally After December’s Revenue Report Wows Investors

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skyline of macau by the sea at night

Jui-Chi Chan/iStock via Getty Images

Macau’s lucrative casino stocks roared higher on Tuesday as the region’s gross gaming revenue (GGR) skyrocketed by
an astounding 433% in December, hitting $18.57 billion patacas (equivalent to $2.30 billion in US currency) –
outstripping the consensus forecast of $2.10 billion. The remarkable surge marked a 16% jump from the preceding
month, quelling concerns that a fresh outbreak of a virus in China might deter visitors. Notably, Macau’s hotel
rooms were in high demand, with occupancy rates exceeding 90% during the last ten days of the year.

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