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Don't Sleep on Macao's Explosive Growth

If Macao returns to pre-pandemic revenue levels, casino stocks will be making money like crazy.

By Travis Hoium – May 13, 2023 at 7:00AM EST

Earnings from Wynn Resorts (WYNN 2.06%) showed that Las Vegas is still healthy, but the real growth is coming from Macao. The region was impacted by China's zero-COVID policy for three years, but it's opening up, and that may mean a bonanza for casino stocks. Travis Hoium highlights the recent news in this video.

*Stock prices used were end-of-day prices of May 10, 2023. The video was published on May 12, 2023.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in MGM Resorts International and Wynn Resorts. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. 

Stocks Mentioned

Wynn Resorts Stock Quote
Wynn Resorts
NASDAQ: WYNN
$100.94
(-2.15%)-$2.22
MGM Resorts International Stock Quote
MGM Resorts International
NYSE: MGM
$36.05
(-2.94%)-$1.09
Las Vegas Sands Stock Quote
Las Vegas Sands
NYSE: LVS
$53.53
(-0.96%)-$0.52
Caesars Entertainment Stock Quote
Caesars Entertainment
NASDAQ: CZR
$27.08
(-1.31%)-$0.36

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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