BUZZ-Galaxy Entertainment leads rally among Macau gaming stocks on higher visitor traffic in Golden Week

Reuters10-07

** Shares of Galaxy Entertainment group jump as much as 10.6% to HK$43.80, their highest since Feb 26, and leads rally among Macau gaming stocks on strong growth in visitor arrivals during China's National Day holidays

** Macao Tourism Data showed that the gaming hub received a total of 916,301 visitors between Oct. 1 and Oct. 6, representing a daily average of 152,716 visitors, which is up 32.3% Y/Y

** Of the total numbers, mainland visitor arrivals amounted to 773,985 during the six-day period, representing a daily average of 128,997, an increase of 47.2% Y/Y, the data showed

** "We believe the robust visitor traffic in Golden Week reflects Macau's attractiveness as a tourist attraction," UBS wrote in a research note

** Shares of rivals jump with Sand China up 8.1%, Melco International rise 6.3%, SJM up 5%, Wynn Macau climb 4.4% and MGM China add 4.3%

** Hang Seng Commerce & Industry Index rises 1.4% and Hang Seng Index gains 1%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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