Shares of casinos with Macau exposure are trading lower after reopening this weekend following a shutdown caused by Typhoon Saola.
Portfolio Pulse from Benzinga Newsdesk
Casino stocks with exposure to Macau are trading lower after reopening this weekend due to a shutdown caused by Typhoon Saola.
September 05, 2023 | 3:06 pm
News sentiment analysis
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NEGATIVE IMPACT
Las Vegas Sands Corp. (LVS) shares are trading lower due to the impact of Typhoon Saola on its Macau operations.
LVS has significant exposure to Macau. The shutdown caused by Typhoon Saola and subsequent reopening has negatively impacted the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Melco Resorts & Entertainment Ltd. (MLCO) shares are trading lower due to the impact of Typhoon Saola on its Macau operations.
MLCO has significant exposure to Macau. The shutdown caused by Typhoon Saola and subsequent reopening has negatively impacted the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Wynn Resorts, Limited (WYNN) shares are trading lower due to the impact of Typhoon Saola on its Macau operations.
WYNN has significant exposure to Macau. The shutdown caused by Typhoon Saola and subsequent reopening has negatively impacted the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100