Shares of Las Vegas Sands (LVS) and Wynn Resorts (WYNN) are the best-performing names on the S&P 500 in early trading, rising about 6% each following data by Macau’s Gaming Inspection and Coordination Bureau showing that Macau gaming revenue growth rate soared to 19% in June. Melco Resorts (MLCO) is also up 12% at $8.09 in early trade.
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Read More on WYNN:
- Macau reports June casino revenue up 19% to 21.06B patacas
- Nevada reports May statewide gaming win down 2.18% to $1.29B
- NJ state budget proposes tax hike on online betting, NJ.com reports
- Wynn Resorts initiated with an Overweight at JPMorgan
- Five Middle Eastern countries granted visa-free entry to Macau, IAG reports