Shares of Macau-linked stocks are trading higher on continued strength following recent stimulus measures and the start of the National Day Golden Week. Macau gaming revenue also reportedly rose 15.5%.
Portfolio Pulse from Benzinga Newsdesk
Macau-linked stocks are experiencing a rise in share prices due to recent stimulus measures and the start of the National Day Golden Week. Additionally, Macau gaming revenue has increased by 15.5%.
October 02, 2024 | 7:06 pm
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POSITIVE IMPACT
MGM shares are likely to benefit from the rise in Macau gaming revenue and recent stimulus measures, contributing to a positive short-term outlook.
MGM has significant exposure to Macau's gaming market. The 15.5% increase in gaming revenue and stimulus measures are likely to boost MGM's financial performance, leading to a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
WYNN shares are expected to rise due to the increase in Macau gaming revenue and supportive stimulus measures, enhancing short-term prospects.
WYNN is heavily invested in Macau's gaming industry. The reported rise in gaming revenue and stimulus measures are likely to improve WYNN's earnings, positively affecting its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80