US Casino Stocks Rebound With Solid Macau Numbers
Published on:
May/01/2017
Macau revenues beat projections and this helped US casino stocks to surge as well. A handful of US-based casinos have exposure in the Chinese gambling Mecca.
It’s the ninth consecutive month of gross gaming revenue growth
Also noteworthy, VIP gamblers appear to be coming back following a recent government crackdown. New casinos are also boosting the Chinese territory's outlook.
Macau’s revenues went up 16.3 percent.
Wynn Resorts shares rose 3 percent midday Monday.
MGM Resorts and Sands Las Vegas each rose 1 percent on midday trading.
- Aaron Goldstein, Gambling911.com
