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Macau gaming stocks recover as Omicron fears ease


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. 

Felix Ng
Felix Ng
Felix is the Asia Editor and Events Director of the Asia Gaming Brief. He has over a decade of experience developing conferences for industries including gaming, telecoms, investment, biotechnology, and mining. Felix covers gaming technology and innovation and is passionate about developing engaging and eye-catching content for the industry.