Las Vegas Sands is one of the world’s largest casino companies, operating resorts in the U.S., Macau, China and Singapore. Sands’ U.S. properties are completely shut down due to COVID-19, but Casino Industry Overview. The casino industry is in severe distress right now. The spreading coronavirus and resulting global recession have taken their toll on the casino stocks. The large U.S. casinos are heavily reliant on Macau, the largest gaming market in the world and the only market in China where casinos are legal. Macau Casino Stocks. Melco Resorts (NASDAQ: MLCO) Macau is a city in China that is often referred to as the Las Vegas of Asia. Melco is a successful casino company based in Hong Kong. They have a huge presence in Macau and are also expanding into Manila and Cyprus. Unlike the other casino stocks on this list, Melco Resorts (NASDAQ: MLCO) is essentially a pure-play on Macau. Melco is a developer, owner, and operator of casino properties in Asia. In other Nonetheless, the shares of the big casino companies roared ahead in a broad advance for stocks. In Tuesday afternoon trading, Wynn Resorts (ticker: WYNN) jumped 3.4%, Las Vegas Sands (LVS) climbed Macao's Casino Stocks Still Have a Lot to Lose As Coronavirus Spreads A two-week shutdown may just be the start for Macao's casino companies. publicly traded Casino companies. Find the best Casino Stocks to buy. A casino is a facility which houses and accommodates certain types of gambling activities. The industry that deals in casinos is called the gaming industry. Casinos are most commonly built near or Kicking off our list of the best casino stocks is Wynn Resorts. It owns and operates Wynn Macau and the Wynn Palace in Macau, as well as Wynn Las Vegas and Encore in Las Vegas. The company is now facing the headwind of coronavirus in all the regions in which it operates. Wynn Resorts reported its financial results for the third quarter on 11/5/2020. Macau was formerly a colony of the Portuguese Empire, after Ming China leased the territory as a trading post in 1557. Originally governing under Chinese authority and sovereignty, Portugal was given perpetual occupation rights for Macau in 1887. Macau remained under Portuguese control until 1999, when it was returned to China. Casino stocks Wynn Resorts (), Melco Resorts & Entertainment and Las Vegas Sands climbed Tuesday as they got a boost from analyst-beating Macau gaming revenue last month.. X. But MGM Resorts
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