Casino stocks rise as Macau relaxes regulations

Author: Live Casino Direct
 
Casino stocks rise as Macau relaxes regulations
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Casino stocks are skyrocketing this week. Las Vegas Sands, Win, Caesars, Penn National Gaming and MGM Resort have all surged recently. Macau relaxed restrictions on visitors from mainland China on Tuesday.

Quint Tatro, president of Joule Financial, recommends buying Las Vegas Sands. DraftKings is a gambling stock that he prefers. JCO’Hara is looking for a $ 50 support band, targeting a March high of over $ 74 as a promising target price. The stock closed at $ 56.47 on Tuesday. It is above the 150-day moving average. Macau's reopening and the recent rebound in the casino industry are good for the stock market.