Shares of casino stocks are trading lower following a decline in February Macau revenue growth.
Portfolio Pulse from Benzinga Newsdesk
Casino stocks are trading lower due to a decrease in Macau's revenue growth for February. This downturn is affecting major casino operators with exposure to the Macau market.
March 01, 2024 | 8:49 pm
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NEGATIVE IMPACT
Las Vegas Sands Corp. shares are trading lower following a decline in Macau's revenue growth for February.
Las Vegas Sands Corp. has significant operations in Macau, making its stock sensitive to changes in the region's gaming revenue.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Melco Resorts & Entertainment Limited shares are trading lower due to the reported decrease in Macau's revenue growth for February.
Melco Resorts & Entertainment Limited, with its significant exposure to Macau, is impacted by the region's financial performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Wynn Resorts, Limited's stock price is down following a decline in revenue growth from Macau for the month of February.
Wynn Resorts, Limited's operations in Macau link its financial performance closely to the region's gaming revenue trends.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80