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Melco, Sands Lead Macau Rally on Reports of Shanghai Lockdown LooseningWritten by: Todd Shriber

The Chinese Communist Party (CCP) may be seeing the error of its ways when it comes to its zero COVID-19 policy and that’s to the liking of Macau gaming equities. Amid a strong day for risk assets, gaming stocks soared Friday on reports Shanghai — China’s largest city — could soon loosen what’s arguably been
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