Shares of gambling stocks are trading lower after Macau revenue fell in June.
Portfolio Pulse from Benzinga Newsdesk
Shares of gambling stocks are trading lower after Macau revenue fell in June.
July 01, 2024 | 6:58 pm
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NEGATIVE IMPACT
Las Vegas Sands (LVS) shares are trading lower due to a decline in Macau revenue for June.
LVS has significant exposure to Macau, and a decline in revenue from this region directly impacts its financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
MGM Resorts (MGM) shares are trading lower due to a decline in Macau revenue for June.
MGM has operations in Macau, and a decline in revenue from this region negatively affects its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Melco Resorts & Entertainment (MLCO) shares are trading lower due to a decline in Macau revenue for June.
MLCO is heavily reliant on Macau for its revenue, and a decline in this region's revenue directly impacts its stock performance.
CONFIDENCE 88
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Wynn Resorts (WYNN) shares are trading lower due to a decline in Macau revenue for June.
WYNN has significant exposure to Macau, and a decline in revenue from this region directly impacts its financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100