BUZZ-Melco leads rise in gaming stocks after Macau posts higher gambling revenue
MGM Resorts International MGM | 37.60 | +2.51% |
Las Vegas Sands Corp. LVS | 54.38 | +0.07% |
Melco Crown Entertainment Ltd Sponsored ADR MLCO | 5.67 | -0.18% |
** Melco International's 0200.HK stock jumps as much as 13.8% to HK$4.12, highest level since March 3
** Leads rally in Macau gaming stocks after hub posts 15% y/y rise in March gambling revenue
** Stock on course to snap two straight sessions of losses; set for biggest one-day pct gain since September 1
** Rivals SJM Holdings 0880.HK, MGM China 2282.HK, Galaxy Entertainment 0027.HK, Wynn Mcau 1128.HK, and Sands China 1928.HK up between 1.9% and 3.7%
** YTD, Melco shares down 6.4%, SJM down 12%, MGM China 2282.HK down 13.4%, Galaxy down 6.2%, Wynn Mcau 1128.HK eases 5.4%, Sands China 1928.HK down 12.7%, Hang Seng Index .HSI down 1.1%