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Changes in Hong Kong stocks | Gaming stocks rise generally and Macao resumes normalization of epidemic prevention
Glong Exchange rose on November 8, SJM Holdings, Wynn Macau and Sands China rose 4%, Melco International Development rose 3%, Galaxy Entertainment rose 2%, and Colour Holdings and MGM China rose 1%. Macao novel coronavirus infection response Coordination Center announced last Saturday (5) night, the second round of national nuclear inspection ended, a total of more than 660000 samples, the test results were negative. After comprehensive analysis, the center announced the resumption of normalization of epidemic prevention in Macao. In addition, Sino-Thai International pointed out that the intensive landing of Huiao policy is good for the recovery of gaming revenue in the medium and long term. The resumption of electronic endorsement and the resumption of tour groups to Macao is a major milestone in the "return to normal" of personnel exchanges between the mainland and Macao, reflecting the central policy's support for Macao's economic recovery. The measure also provides a clearer route for gaming revenue recovery, which the bank expects to begin to recover to a large extent from the second quarter of next year. Gao Shengfa reported that uncertainty in the gaming industry is diminishing and the situation is becoming clear: the bidding process is in its final stage and the final results are expected to be announced in a few weeks; the results of financial negotiations for the development of non-gaming elements are expected to be more controllable, and gaming operators are expected to open up other parts of the revenue to make up for the increased costs.

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