Stock Track | Galaxy Entertainment Soars 5.93% as Hong Kong Casino Stocks Rally

Stock Track

02-24

Galaxy Entertainment's stock soared 5.93% in the pre-market session on Monday, as Hong Kong casino stocks witnessed a broad rally.

The surge came after positive market sentiment towards the gaming industry, with Sands China leading the pack, rising 7%. Other major casino operators such as MGM China, Wynn Macau, and SJM Holdings also saw gains of around 3%.

The rally in Hong Kong casino stocks is potentially driven by optimism around the recovery of the Macau gaming market and the return of tourism to the region. Investors are likely anticipating a continued rebound in gaming revenues as travel restrictions ease further and consumer confidence improves.

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