Wynn Resorts Stock News

Macau casino stocks jumped Monday as investors welcomed a new draft law for the industry that was milder than initially feared.

Casino stocks rise after Macau keeps licence limit Reuters China to Tighten Rules Over Casinos in Macau The Wall Street Journal Macau Cuts Casino License Tenure, Increases Local Ownership Proportion Bloomberg The casino sector is on a rush with Macau, New York developments Seeking Alpha Macau Reveals Casino Law Changes. Las Vegas Sands, Wynn Are Soaring. Barron''s View Full Coverage on Google News

Wynn Resorts , Las Vegas Sands , MGM Resorts and Melco Resorts & Entertainment are having the best day of the year after a gaming law amendment report. Read more.

On Friday, Las Vegas Sands Corp (NYSE: LVS ) and Wynn Resorts Ltd (NASDAQ: WYNN ) gapped up over 12% and 8%, respectively, off their Thursdays closing price after bullish news for the casino industry came out of Macau. Until Friday, both stocks have been trading in steep downtrends with Las Vegas Sands plummeting about 50% and Wynn declining 45% since early March 2021 when the stocks looked to be rebounding from the March 2020 market crash caused by the onset of the COVID-19 pandemic. Las Vegas Sands is currently trading down near its pandemic lows once again and Wynn has been unable to gain any traction to make a trend change. On Friday, however, the gap ups helped both stocks to confirm an uptrend on both their daily and weekly charts, which could indicate bullish sentiment will return to boost the stocks up over the long-term. It should be noted, however, that events such the general markets turning bearish, negative reactions to earnings prints and negative news headlines about a stock can quickly invalidate bullish

Macau-focused gaming stocks like MGM Resorts International (MGM), Las Vegas Sands (LVS) and Wynn Resorts (WYNN) rallied Friday, after regulators of China''s gambling hub settled on new measures surrounding licensing and other matters. Taken together, the regulations appeared less harsh than anticipated by some investors. The new rules still need to be passed by the Macau legislature. However, they appeared…

Casino stocks are rising on Friday following an update on regulations in Macau from the Chinese government concerning licenses.

Gambling sector-related exchange traded fund stood out from the pack on Friday, with Las Vegas Sands (LVS) and Wynn Resorts (WYNN) surging, after Macau clarified rules on casino licensing. The VanEck

NEW YORK , Jan. 14, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for WYNN, TSLA, AAL, KO, and PFE. Full story available on Benzinga.com

New licensing rules may not be as harmful as feared for casino operators.

Find out how these companies are beating the odds in a mixed market.

Futures Slide After Disappointing JPMorgan Earnings, Tech Rout Worsens After trading flat for much of the overnight session, S&P futures slumped to session lows shortly after JPM reported earnings that disappointed the market (see our full write up here ) and were last trading down 30 points or 0.64%, with Dow futures down 0.3% and Nasdaq futures taking on even more water as the "sell tech" trade was back with a bang. Treasury yields rose 3bps to 1.74% and the dollar reversed an overnight loss. The VIX jumped above 20 and was last seen around 21. The Nasdaq 100 fell to the lowest in almost three months yesterday as tech came under pressure after Fed Governor Lael Brainard said officials could boost rates as early as March. It looks like the selling will continue today. Market sentiment has been shaken by concerns over the prospect of imminent Fed tightening along with record global Covid-19 infection rates, but we dont expect either of these factors to end the equity rally, said UBS Wealth Management CIO Mark Haefele in a note. The fourth-quarter U.S. earnings season, which started this week, could turn investor attention back to strong fundamentals. JPMorgan shares dropped in premarket trading after revenues and EPS beat thanks to a $1.8 billion reserve release while FICC trading revenue missed expectations even as its dealmakers posted their best quarter ever and Chief Executive Officer Jamie Dimon gave an upbeat assessment of prospects for growth.

Guardforce GFAI +17% to expand RaaS to China''s Greater Bay Area through two acquisitions.Melco Resorts & Entertainment MLCO +11% Las Vegas Sands, Wynn Resorts soar after Macau gaming

The Macau administration plans to allow for six casino licenses for operating periods of up to ten years that can also be extended for another three years. Read more.

The stock price of Wynn Resorts, Limited (NASDAQ: WYNN) increased by over 12% during intraday trading today. This is why it happened.

Casino stocks are rising on Friday following an update on regulations in Macau from the Chinese government concerning licenses. The post Casino Stocks: Why LVS, WYNN, MGM and MLCO Are Rolling Higher T