Shares of casinos with Macau exposure are trading lower in possible reaction to fears of a COVID surge in China.
Portfolio Pulse from Bill Haddad
Casino stocks with Macau exposure are trading lower due to concerns over a potential COVID surge in China.
May 23, 2023 | 7:34 pm
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NEGATIVE IMPACT
Las Vegas Sands (LVS) stock is trading lower due to concerns over a potential COVID surge in China affecting Macau casinos.
LVS has significant exposure to Macau casinos, and a COVID surge in China could lead to reduced revenues and potential closures, negatively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
MGM Resorts (MGM) stock is trading lower due to concerns over a potential COVID surge in China affecting Macau casinos.
MGM has significant exposure to Macau casinos, and a COVID surge in China could lead to reduced revenues and potential closures, negatively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Melco Resorts (MLCO) stock is trading lower due to concerns over a potential COVID surge in China affecting Macau casinos.
MLCO has significant exposure to Macau casinos, and a COVID surge in China could lead to reduced revenues and potential closures, negatively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Wynn Resorts (WYNN) stock is trading lower due to concerns over a potential COVID surge in China affecting Macau casinos.
WYNN has significant exposure to Macau casinos, and a COVID surge in China could lead to reduced revenues and potential closures, negatively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100