0330 GMT - Hong Kong-listed casino operators in Macau may be hit by recent travel disruptions, Bernstein says. Since Sept. 25, new Covid-19 cases in Macau have caused its temporary border closure with China, which substantially disrupted visitation and gross gaming revenue in late September and during the Golden Week holidays. GGR could fall nearly 80% this month versus October 2019 and might be even worse if border controls with the Chinese city of Zhuhai are in place longer than expected. Bernstein cuts its target prices on MGM China to HK$8.85 from HK$11.00, Sands China to HK$29.50 from HK$40.00, SJM Holdings to HK$5.30 from HK$7.30, Wynn Macau to HK$10.15 from HK$15.50 and Galaxy Entertainment to HK$58.25 from HK$69.00. (ronnie.harui@wsj.com)
Macau Casino Operators May Be Hit by Travel Disruptions -- Market Talk
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