Covid-19 Vaccine Details Sees Rise In Gaming Stocks

Following news in the U.K. that the COVID-19 vaccine was approved by officials, it brings promising results for the gaming industry.

Although casinos are still closed everywhere, after the U.K. Department of Health and Social Care (DHSC) announced that it would start distributing the vaccine as early as next week, gaming stocks  began to see a little more support.

The Medicines and Healthcare Products Regulatory Authority (MHRA) of the United Kingdom sent a letter of recommendation to the DHSC for the COVID-19 vaccine, which was developed through a collaboration between Pfizer, based in the United States, and BioNTech, based in Germany.

The recommendation was accepted by the health agency, who later said through a spokesman: “This follows months of rigorous clinical trials and a thorough analysis of the data by experts at the MHRA who have concluded that the vaccine has met its strict standards of safety, quality and effectiveness.

“The joint committee on vaccination and immunization will shortly also publish its latest advice for the priority groups to receive the vaccine, including care home residents, health and care staff, the elderly and the clinically extremely vulnerable. The vaccine will be made available across the U.K. from next week.”

A variety of casino stocks jumped after the news. Wynn Resorts, for instance, was pushed up by 2.77 percent and MGM Resorts added 1.87 percent, while Las Vegas Sands improved by 1.75 percent, all compared to yesterday’s figures at the time of this writing. With MGM China moving 4.16 percent higher, Sands China jumping 1.11 percent and Wynn Macau adding 1.16 percent, the Asian arms of those three operators also saw increases. At 0.97 percent, Caesars Entertainment has seen only a slight increase, and Melco Resorts and Entertainment has barely budged, adding only 0.11 percent.

Like in the U.K , next week health officials will start introducing the vaccine in Macau, who heavily relies on the gaming industry. getting everything prepared so that the city can begin vaccinating its residents. The Secretary for Social Affairs and Culture of Macau, Ao Ieong U, expects the first batch of the vaccine to arrive before the end of this month and will then be administered first to frontline workers in the health industry. Then a second batch will be given to city residents, said to contain 1.4 million vaccines. That is more than enough to cover Macau’s approximately 650,000 residents.

Yesterday, Ao Ieong explained to the Legislative Assembly: “We believed that the 1.4 million doses of vaccine could arrive by the first half of 2021, and if things go well they could even arrive by the end of the first quarter of next year.”