Dollar bonds of Macau’s casino operators were up by over 2 points as China stopped requiring quarantine for arrivals as part of ending its ‘Covid Zero’ policy. The easing in border comes ahead of the Lunar New Year holiday. Macau’s six incumbent casino operators have seen their dollar bonds move higher, ever since the their licenses were renewed for another 10 years – they are now expected to invest $14.7bn over the next decade for non-gaming projects to increase international.
Macau Casino Bonds Up 2 Points on China Relaxing Quarantine Rules
