Macau

Wynn Resorts Ltd (NASDAQ: WYNN) shares were on the move Monday after Macau officials signaled COVID-19 travel restrictions could be lifted. Despite Monday's surge, one investor saw significantly more upside in the beaten-down casino operator. What To Know...

Wynn Resorts, Limited (NASDAQ: WYNN) is among the gaming stocks with the most compelling risk-reward, according to Credit Suisse. The Wynn Resorts Analyst: Benjamin Chaiken upgraded the rating for Wynn Resorts from Neutral to Outperform, while revising the price target to $117. The Wynn Resorts...

Gambling stocks traded sharply lower on Monday morning as Macau casinos shut down for a week. In response, one Wall Street analyst cut his price targets for U.S.-listed casino stocks with exposure to Macau. The Analyst: Bank of America analyst Shaun Kelley issued the following price target cuts on...

The Macau Legislative Assembly signed the final draft of the new Macau gaming law this week.  Bank of America analyst Billy Ng says there's nothing in the legislation that dampens his long-term bullish thesis on the Macau gaming market. Draft Updates: The final draft of the law includes...

Macau casino stocks have taken a beating so far in 2022, but the selling pressure has intensified in recent days. On Tuesday, Bank of America analyst Shaun Kelley highlighted at least four reasons investors are dumping Macau stocks. Reasons For The Sell-Off: For the past year, Kelley has repeatedly...

Las Vegas, Nevada, and Macau, China, are two of the largest global casino gambling hubs. Both gaming destinations took big hits during the COVID-19 pandemic, but the latest gross gaming revenue numbers suggest the Vegas recovery continues to outshine struggling Macau. The Numbers: Many Americans...

Following two years of headwinds, Macau stocks are likely to outperform in 2022, and Melco Resorts & Entertainment Ltd (NASDAQ: MLCO) is poised to benefit from the easing of travel restrictions and license renewals, according to Morgan Stanley. The Melco Resorts & Entertainment Analyst:...

Las Vegas, Nevada, and Macau, China, are two of the largest global casino gambling hubs. Both gaming destinations took big hits during the COVID-19 pandemic, but the latest gross gaming revenue numbers suggest Vegas is bouncing back strong while Macau is still struggling. The Numbers: Many...

Gaming and lodging stocks took a big hit on Friday following news of the new omicron variant of COVID-19. Despite that, Bank of America analyst Shaun Kelley said Monday there are plenty of gaming and lodging stocks to buy on the dip heading into 2022. Gaming Picks: In the casino space, Kelley...

Casino stocks Las Vegas Sands Corp. (NYSE: LVS) and Wynn Resorts, Limited (NASDAQ: WYNN) have taken huge hits in the past month, and much of the sell-off has to do with uncertainty surrounding the renewal of their Macau casino licenses and an ongoing gaming law review that could increase regulatory...

Deviate To Win is an interview series featuring executives and investors who have won in business by taking chances and doing things a little bit differently. The podcast is hosted by Jason Ader, founder and CEO of SpringOwl Asset Management, and is produced by Benzinga.  Last week,...

Sell-offs in casino stocks Las Vegas Sands Corp. (NYSE: LVS) and Wynn Resorts, Limited (NASDAQ: WYNN) continued on Thursday on concerns over a coming revision to the gaming laws in Macau. Bank of America analyst Shaun Kelley provided some clarity on what's currently a very uncertain situation...

Casino stocks traded down on Tuesday with concerns over how China will regulate casinos in the Macau region. The relationship between casino traffic during and after the COVID-19 pandemic and international relations are having an impact on share prices of stocks. This leads to an important topic...

Gambling stocks have been a mixed bag for investors in 2021 given uneven trends in U.S. casino gambling, online sports betting and iGaming, as well as a sluggish recovery in the Macau, China market. On Thursday, one analyst cut price targets for two gaming leaders that are being dragged down by...

Shares of casino stocks rallied Tuesday after it was announced that visitors from mainland China would no longer be required to quarantine upon entering the popular tourist island of Macau. What Happened: Tourists are now able to enter Macau from the mainland to visit its many gaming casinos and...