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Stock impact report

Macao Is Now the Focus for Casino Giants [The Motley Fool]

Wynn Resorts, Limited (WYNN) 
Last wynn resorts, limited earnings: 2/6 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: wynnresorts.com
Company Research Source: The Motley Fool
A 79.7% drop in gambling revenue in the world's largest gambling market (Macao) is rarely seen as a good thing, but there are some small signs of hope for Macao right now. Sure, gambling revenue was just $66 million for the region in March, but the drop in revenue wasn't 00%, which it might be for most U.S. casinos in April. Visitors are slowly returning to resorts in Asia, and that may be the best place to look for an industry recovery.For the companies with operations there, Macao could be a preview of what's to come in the U.S. and become asteadying force for casino stocksImage source: Getty Images.Macao's return will be closely watchedIt's no surprise that gambling revenue in Macao dropped 79.7% in March, but this comes after an 87.8% drop in February, which included a -day shutdown of resorts. So, the conditions are getting better, at least on a relative basis. We can also now assume that Macao won't be a total loss for casino operators between March and whenever business gets ba Show less Read more
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