Stock Track | Sands China Soars 6.98% as Hong Kong Casino Stocks Rally

Stock Track02-24

Sands China Ltd's stock soared 6.98% in Monday's intraday trading session, as casino stocks in Hong Kong experienced a broad rally.

The uptick in Sands China's share price was driven by a surge across the Hong Kong gaming sector. According to reports, Galaxy Entertainment Group Ltd.'s stock climbed 5%, while MGM China Holdings Ltd., Wynn Macau Ltd., and SJM Holdings Ltd. all saw their shares rise by around 3%.

The rally in casino stocks comes as the Macau gaming market continues to recover from the impact of the COVID-19 pandemic. Investors are optimistic about the sector's prospects, with tourism numbers and gaming revenues gradually improving as travel restrictions ease and the region's economy rebounds.

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