Why Are Casino Stocks WYNN, LVS Down Today?

Author: Live Casino Direct
 
Super Slots

Wynn Resorts and Las Vegas Sands are both declining 8% in early morning trading. New restrictions were imposed in the Chinese region of Macau.

All casinos in Macau were closed for at least a week due to new coronavirus cases. China has also launched other anti-coronaviraviral measures.

Wynn Resorts and Las Vegas Sands are down today. Wynn owns two casinos in Macau. Las Las Vegas Sands owns seven casinos.

Barron's and Zacks have different takes on casino stocks. Barrow Hanley Global Investors believes that Las Vegas Sands' bottom line could jump after the restrictions in Macau are rolled back. Zack predicts that Wynn's revenue will be boosted by sports betting expansion and non-gaming revenue-boosting strategies.

Asia Casino News Asia Casino News 3 days
@AsiaCasinoNews1

Sands, Wynn Among US Beneficiaries of China Reopening, Says Goldman Sachs Read more here:

Sands, Wynn Among US Beneficiaries of China Reopening, Says Goldman Sachs

Read more here:
Asia Casino News Asia Casino News 2 days
@AsiaCasinoNews1

Wynn Macau is Set to Take Market Share Away From Competitors Read more here:

Wynn Macau is Set to Take Market Share Away From Competitors

Read more here:
CDC Gaming Reports CDC Gaming Reports 13 days
@CDCNewswire

Appeals court upholds dismissal of RICO case against Steve Wynn and Wynn Resorts