- Sands China (OTCPK:SCHYY) flew 10% higher in Hong Kong trading, while Wynn Macau (OTCPK:WYNMY) jumped 6% as most Macau gaming stocks regained their footing.
- Other movers include Galaxy Entertainment (OTCPK:GXYEF) which is up over 10% and the Melco Crown (MPEL +3.2%) ADRs.
- Stateside, Las Vegas Sands (LVS +4.5%) and Wynn Resorts (WYNN +3.9%) are also battling back from their rough start to 2016.
- The gains for casino stock are tied to the broad market rally in China, although some positive traffic data was also released by Macau's Statistics and Census Service. Arrivals to Macau in December rose 3.7% Y/Y and 1.7% M/M. The mix of overnight visitors was higher which is a positive for casinos.