{"id":183808,"date":"2021-08-24T10:57:32","date_gmt":"2021-08-24T17:57:32","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=183808"},"modified":"2021-08-24T15:13:18","modified_gmt":"2021-08-24T22:13:18","slug":"macau-casino-stocks-are-soaring-as-travel-curbs-ease","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/macau-casino-stocks-are-soaring-as-travel-curbs-ease\/","title":{"rendered":"Macau Casino Stocks Rally as Some Travel Restrictions Ease"},"content":{"rendered":"<p>Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are among the Macau operators seeing previously moribund shares surge Tuesday. That&#8217;s after the special administrative region (SAR) said some travel controls prompted by a recent outbreak of the coronavirus on mainland China will ease.<\/p>\n<figure id=\"attachment_183809\" aria-describedby=\"caption-attachment-183809\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-183809\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/08\/wynn2-142x80.jpg\" alt=\"macau stocks\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/08\/wynn2-142x80.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/08\/wynn2-1024x576.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/08\/wynn2-768x432.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/08\/wynn2-1536x864.jpg 1536w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/08\/wynn2.jpg 1600w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption  id=\"caption-attachment-183809\"class=\"text-description\">Visitors mull in front of Wynn Palace in Macau, above. Recently, Macau casino stocks are soaring on the news of eased travel curbs. (Image: <em>CNBC<\/em>)<\/figcaption><\/figure>\n<p>Macau officials announced that travelers arriving from Guangdong &#8212; the mainland province closest to the casino hub &#8212; will be required to present a negative COVID-19 nucleic acid test that&#8217;s seven days old or less.<\/p>\n<div class=\"callout\">\n<p>That&#8217;s down from the prior requirement of a test that&#8217;s 48 hours old. The other requirement accompanying the negative test is that would-be Macau visitors cannot have traveled to Hong Kong, Taiwan, or any other foreign country prior to arriving in the gaming center.<\/p>\n<\/div>\n<p>A\u00a0spokesperson\u00a0for\u00a0Macau\u2019s Public Security Police, Lei Tak Fai, said the relaxed testing protocol goes into effect on Wednesday.<\/p>\n<p>Guangdong accounts for approximately 45 percent of the annual visits to the SAR, and Macau casino stocks are responding to the good news. In midday trading, LVS and Wynn are both up more than five percent, while Melco Resorts &amp; Entertainment (NASDAQ:MLCO) is higher by more than 10 percent.<\/p>\n<h2>Finally, Relief for Macau Casino Stocks<\/h2>\n<p>News of looser travel rules couldn&#8217;t arrive at a better time for Macau concessionaires, many of which are among the worst-performing major gaming equities.<\/p>\n<div class=\"callout\">\n<p>Entering today, shares of LVS were off 33.34 percent year-to-date, and the operator of five Macau integrated resorts was one of just a handful of S&amp;P 500 members that hadn&#8217;t posted positive returns <a href=\"https:\/\/www.casino.org\/news\/las-vegas-sands-stock-is-so-bad-it-could-be-too-good-to-ignore\/\">since the March 23, 2020 market bottom<\/a>. Shares of Wynn, which controls Wynn Macau and Wynn Palace, were lower by 17.64 percent this year prior to today.<\/p>\n<\/div>\n<p>Those moves come less than a week after Macau casino stocks slumped to five-year lows, as analysts fretted that a recent uptick in COVID-19 cases on mainland China <a href=\"https:\/\/www.casino.org\/news\/macau-casino-stocks-slump-as-august-ggr-slides\/\">would stymie August visitation<\/a> to the SAR.<\/p>\n<p>However, declining case counts and a brighter outlook for travel rules are having palpable impacts on weekly gross gaming revenue (GGR) data, and that&#8217;s a positive for operators. For the week of Aug. 16-Aug. 22, Macau GGR surged 55 percent from the previous week, according to research firm Bernstein.<\/p>\n<h2>Maybe Brighter Days Ahead<\/h2>\n<p>When the coronavirus pandemic initially emerged last year, analysts speculated that Macau operators would rebound more rapidly than US-centric rivals. But the opposite is proving true. While the pace of recovery in the world&#8217;s dominant casino center is confounding executives and investors alike, Macau gaming equities could see brighter days over the near term if authorities further loosen travel controls.<\/p>\n<blockquote class=\"main-blockquote\"><p><strong>We expect the situation to Macau to start getting back to April\/May levels in October,\u201d<\/strong> said Bernstein analysts. <strong>\u201cWe expect GGR improvement beginning in the fourth quarter. But more significant travel impediment removals are not likely until next year.\u201d<\/strong><\/p><\/blockquote>\n<p>Should that scenario play out, it&#8217;d be a boon for the likes of Sands and Wynn, which derive anywhere from two-thirds up to 80 percent of earnings before interest, taxes, depreciation and amortization (EBITDA) from Macau in a standard operating environment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are among the Macau operators seeing previously moribund shares surge Tuesday. That&#8217;s after the special administrative region (SAR) said some travel controls prompted by a recent outbreak of the coronavirus on mainland China will ease. Macau officials announced that travelers arriving from Guangdong &#8212; the mainland province [&hellip;]<\/p>\n","protected":false},"author":46,"featured_media":183809,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Macau Casino Stocks Are Soaring as Travel Curbs Ease<\/title>\n<meta name=\"description\" content=\"Macau casino stocks are soaring after authorities relaxed some travel controls.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macau Casino Stocks Are Soaring as Travel Curbs Ease\" \/>\n<meta property=\"og:description\" content=\"Macau casino stocks are soaring after authorities relaxed some travel controls.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/macau-casino-stocks-are-soaring-as-travel-curbs-ease\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-24T17:57:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-24T22:13:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/08\/wynn2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/macau-casino-stocks-are-soaring-as-travel-curbs-ease\/\",\"url\":\"https:\/\/www.casino.org\/news\/macau-casino-stocks-are-soaring-as-travel-curbs-ease\/\",\"name\":\"Macau Casino Stocks Are Soaring as Travel Curbs Ease\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/macau-casino-stocks-are-soaring-as-travel-curbs-ease\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/macau-casino-stocks-are-soaring-as-travel-curbs-ease\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/08\/wynn2.jpg\",\"datePublished\":\"2021-08-24T17:57:32+00:00\",\"dateModified\":\"2021-08-24T22:13:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Macau casino stocks are soaring after authorities relaxed some travel controls.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/macau-casino-stocks-are-soaring-as-travel-curbs-ease\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/macau-casino-stocks-are-soaring-as-travel-curbs-ease\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/macau-casino-stocks-are-soaring-as-travel-curbs-ease\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/08\/wynn2.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/08\/wynn2.jpg\",\"width\":1600,\"height\":900,\"caption\":\"Visitors in front of Wynn Palace in Macau. Macau casino stocks are soaring on news of eased travel curbs. (Image: CNBC)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/macau-casino-stocks-are-soaring-as-travel-curbs-ease\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Macau Casino Stocks Rally as Some Travel Restrictions Ease\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Macau Casino Stocks Are Soaring as Travel Curbs Ease","description":"Macau casino stocks are soaring after authorities relaxed some travel controls.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Macau Casino Stocks Are Soaring as Travel Curbs Ease","og_description":"Macau casino stocks are soaring after authorities relaxed some travel controls.","og_url":"https:\/\/www.casino.org\/news\/macau-casino-stocks-are-soaring-as-travel-curbs-ease\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2021-08-24T17:57:32+00:00","article_modified_time":"2021-08-24T22:13:18+00:00","og_image":[{"width":1600,"height":900,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/08\/wynn2.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/macau-casino-stocks-are-soaring-as-travel-curbs-ease\/","url":"https:\/\/www.casino.org\/news\/macau-casino-stocks-are-soaring-as-travel-curbs-ease\/","name":"Macau Casino Stocks Are Soaring as Travel Curbs Ease","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/macau-casino-stocks-are-soaring-as-travel-curbs-ease\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/macau-casino-stocks-are-soaring-as-travel-curbs-ease\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/08\/wynn2.jpg","datePublished":"2021-08-24T17:57:32+00:00","dateModified":"2021-08-24T22:13:18+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Macau casino stocks are soaring after authorities relaxed some travel controls.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/macau-casino-stocks-are-soaring-as-travel-curbs-ease\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/macau-casino-stocks-are-soaring-as-travel-curbs-ease\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/macau-casino-stocks-are-soaring-as-travel-curbs-ease\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/08\/wynn2.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/08\/wynn2.jpg","width":1600,"height":900,"caption":"Visitors in front of Wynn Palace in Macau. Macau casino stocks are soaring on news of eased travel curbs. (Image: CNBC)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/macau-casino-stocks-are-soaring-as-travel-curbs-ease\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"Macau Casino Stocks Rally as Some Travel Restrictions Ease"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. 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