Macau casino stocks surge on signal of loosening entry requirements [Seeking Alpha]
WYNN MACAU LTD UNSP/ADR (WYNMY)
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Source: Seeking Alpha
Macau casino stocks surge on signal of loosening entry requirementsSep. 26, 2022 6:03 AM ETLas Vegas Sands Corp. (LVS)WYNNMGMMLCOWYNMYSCHYYSJMHFGXYEFWYNMFMCHVFMCHVYSCHYFSJMHYMSCBy:Kevin P. CurranSA News EditorSean3810Macau-linked casino stocks moved higher in premarket trading on Monday afterregulators signaledCity officials indicated that looser travel restrictionsare due to come into place in November. According to the South China Morning Post, mainland gamblers make up about 90% of spending at Macau casinos, with VIP guestsaccounting for nearly 70%, driving home the importance of easier entry for these tourists.Las Vegas Sands (NYSE:+6.51%NASDAQ:+9.8%+5.1%+1.7%Other Macau-specific casino stocks: Wynn Macau (OTCPK:WYNMFOTCPK:WYNMYOTCPK:SCHYYOTCPK:SCHYFOTCPK:MCHVFOTCPK:GXYEFOTCPK:SJMHFOTCPK:SJMHY
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