BUZZ-Melco leads gaming stocks higher as Macau's February revenue grows

Reuters03-03
BUZZ-Melco leads gaming stocks higher as Macau's February revenue grows

** Melco International 0200.HK jumps as much as 16.7% to HK$4.69, highest since December 24, 2024

** Stock last up 6.5%; set for biggest one-day pct gain since October 7, 2024

** Leads gains in gaming shares of Macau, which posted 6.8% y/y rise in February gambling rev to 19.7 bln patacas ($2.46 bln)

** UOB Kay Hain says Macau's February gross gaming rev rose 8% m/m, recovering to 78% of 2019's level and beating consensus estimates

** Rivals Wynn Macau 1128.HK up 4.7%, MGM China 2282.HK gains 3.9%, Sands China 1928.HK adds 3.8%, Galaxy Entertainment 0027.HK climbs 2.4%, SJM 0880.HK rises 1.7%

** All the firms have licences to operate casinos in Macau

($1 = 8.0100 patacas)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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