Why Macao's Casino Stocks Jumped Today
If China eases its COVID-19 restrictions it could be a boon for Macao's gambling revenue.
The Company develops, owns, and operates casino gaming and entertainment resort facilities.
Symbol | Last Price | Market Cap | % Δ 1 Yr | % Δ 5 Yr |
---|---|---|---|---|
MLCO
Melco Resorts & Entertainment
|
$5.46 | $3B | -68.5% | -73.5% |
TXRH |
$71.37 | $5B | -25.0% | 59.7% |
LOPE |
$88.44 | $3B | -5.3% | 14.4% |
FUN |
$43.95 | $3B | -5.3% | -24.4% |
LKNC.Y |
$8.22 | $2B | 14.8% |
If China eases its COVID-19 restrictions it could be a boon for Macao's gambling revenue.
New licensing rules may not be as harmful as feared for casino operators.
The market is bullish on travel and entertainment despite the rise of omicron.
MLCO earnings call for the period ending September 30, 2021.
Macao's government could potentially change the rules of the gambling business next year, and it has investors on edge.
Could a second day of losses for a key industry signal trouble ahead?
The Asian casino operator could benefit from easing travel restrictions.
A positive earnings report was a relief for investors.
MLCO earnings call for the period ending June 30, 2021.
MLCO earnings call for the period ending March 31, 2021.
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