Wynn Resorts (NASDAQ: WYNN) and Las Vegas Sands (NYSE: LVS) are among Macau operators that have witnessed stock surge on Tuesday trading.
The surge came after the special administrative region (SAR) decided to ease travel controls due to a recent coronavirus outbreak in mainland China.
Macau health officials announced that travelers arriving from Guangdong would only be required to present a negative COVID-19 test result done within the last seven days.
That is quite an ease from the previous 48 hours test requirement for Macau’s visitors. Apart from a negative test, Macau travelers are not supposed to have visited any foreign country including, Taiwan or Hong Kong, before visiting Macau.
The relaxed public health protocol will take effect on Wednesday this week. The relaxed rule is greatly boosting Macau casino stock.
On Monday midday trading, LVS and Wynn’s stock were both up by five percent. Melco Resorts & Entertainment (NASDAQ: MLCO) lead with the highest sure of more than ten percent.