US Casino Stocks Rebound With Solid Macau Numbers

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1 May, 2017

US Casino Stocks Rebound With Solid Macau Numbers

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

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