HONG KONG: Shares in Macau’s casino giants surged Monday morning after the world’s biggest gambling hub announced changes to its regulations, reducing the uncertainty that has plagued the lucrative sector’s six operators.
The Chinese territory’s multibillion-dollar industry has been on tenterhooks ever since officials announced plans to overhaul the sector last September, but new rules unveiled on Friday were less punishing than expected.
Shares in all six casino operators rallied early Monday in Hong Kong, with Sands China seeing the greatest gain at almost 13%, followed by Wynn Macau at 9.6%.
MGM China — which operates two massive properties in Macau — saw an 8.1% jump,…
