Reported Earlier, Macau Gambling Revenue In Jun. Fell To Eight-Month Low
Portfolio Pulse from Benzinga Newsdesk
Macau's gambling revenue in June fell to an eight-month low, impacting several US-listed casino operators with significant exposure to the region.
July 01, 2024 | 6:56 pm
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NEGATIVE IMPACT
Las Vegas Sands (LVS) is likely to be impacted negatively due to the drop in Macau's gambling revenue, as the company has significant operations in the region.
LVS has substantial exposure to Macau, and a decline in gambling revenue directly affects its earnings and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MGM Resorts International (MGM) could experience a negative impact due to the decline in Macau's gambling revenue, given its operations in the region.
MGM has operations in Macau, and a decrease in gambling revenue can negatively affect its financial performance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Melco Resorts & Entertainment (MLCO) is expected to be negatively impacted by the drop in Macau's gambling revenue, as it operates several casinos in the area.
MLCO's significant presence in Macau means that a decline in gambling revenue will directly impact its earnings and stock price.
CONFIDENCE 95
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
Wynn Resorts (WYNN) may see a negative impact due to the decline in Macau's gambling revenue, as the company has major operations in the region.
WYNN's operations in Macau are substantial, and a drop in gambling revenue will likely affect its financial results and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 85