Macau gaming stocks recover as Omicron fears ease

Macau, stocks

Shares in Macau gaming stocks have regained some lost ground, with fears of the new Covid-19 having dampened in recent days.

The trend was noted by Seeking Alpha, noting shares in Las Vegas Sands, Wynn Resorts, Melco Entertainment, and MGM Resorts have recovered in the mid to high single digits. 

This newfound optimism comes as new data published on Saturday suggests that the Omicron variant is more contagious but less dangerous than other variants.

The strain is now present in 38 countries but no deaths have been reported.