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Macau gaming sector slips again

Nov. 11, 2019 10:28 AM ETLVS, MGM, WYNN, MLCOBy: Clark Schultz, SA News Editor6 Comments
  • Macau casino stocks are lower after more protests and violence in nearby Hong Kong create concerns on traffic to the gambling mecca. A weak forecast from Bernstein on early gross gaming revenue in November (-10% Y/Y and -12% M/M) is also a factor in the weak trading today.
  • Melco Resorts & Entertainment (MLCO -2.6%), Wynn Resorts (WYNN -3.6%), Las Vegas Sands (LVS -1.5%) and MGM Resorts (MGM -0.5%) are all lower on the day.

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