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New Macau Gaming Bill Triggers Casino Stock Relief Rally Las Vegas Sands (LVS) Benzinga

January 15, 2022
Source: benzinga.com benzinga.com
News Snapshot:
Shares of Macau casino stocks traded higher on Friday following the release of a new Macau gaming bill that was mostly in-line with expectations but that had at least a couple of bullish surprises for investors. What Happened? Melco Resorts & Entertainment Ltd (NASDAQ: MLCO ) traded higher by 15.8% on Friday morning, while Las Vegas Sands Corp. (NYSE: LVS ) gained 12.72% and Wynn Resorts, Limited (NASDAQ: WYNN ) gained 7.18%. Related Link: JPMorgan Analyst Upgrades Las Vegas Sands, Optimistic About Macau Gaming License Renewal The new gaming bill states that the number of Macau gaming licenses will remain...
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