Casino Stocks Bet on Macao, but Will Gamblers Return?

Dan Caplinger, The Motley Fool
·3 min read
Casino Stocks Bet on Macao, but Will Gamblers Return?

The stock market fell sharply last week, and investors are still waiting to see if major market benchmarks hit bottom Friday when they challenged the lowest levels since June. On Monday morning, it appeared that Wall Street was preparing for another leg lower, as the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) had all fallen another half percent or more as of 8 a.m. ET. Gains for Las Vegas Sands (NYSE: LVS), Wynn Resorts (NASDAQ: WYNN), and Melco Resorts & Entertainment (NASDAQ: MLCO) came amid news that their core resort market of Macao is poised to reopen more fully from its harsh pandemic-related restrictions.

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