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Haidilao operator Super Hi International plans to use 70 per cent of the listing proceeds to strengthen brand and expand network globally. The US debut adds momentum for Chinese firms weighing a listing abroad. ....
Mass-market consumers and non-gaming investments will become prominent features for Macau casino operators and other investors as the city shifts away from its Las Vegas image, despite the recovery in gaming revenue. ....
China Duty Free Group parent CTG raises $2bn from Hong Kong listing trbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trbusiness.com Daily Mail and Mail on Sunday newspapers.
February 24, 2021, 10:32 am · China lifted the quarantine banning travels to Macau region. Not long after that, Macau’с casino stocks rocketed to their highest level in almost two and a half months. Macau hasn’t lifted the quarantine rule fully on visitors from China but only gradually, since the last China city was deemed low-risk for transmission on the coronavirus with no new clusters in the country. According to Bloomberg, the lift of such measure was exactly the reason for the rising stocks phenomenon in Macau. Galaxy Entertainment Group rose as much as 12%, the most since March 2020, while Sands China Ltd. rose as much as 10%, its biggest gain since December 2018. MGM China Holdings Ltd., Melco International Development Ltd., and Wynn Macau Ltd. meanwhile all saw shares rise around 9%. ....