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. Casino Lisboa in Macau. Morgan Stanley thinks Macau stocks will rebound in the second half of the year. (Image: QZ.com) New capacity, increased domestic travel, and momentum for license renewal JPMorgan recently advised investors that it was safe for them to still buy and hold Macau casino stocks. That is a very interesting choice because according to gaming experts, Macau’s gross gaming revenue (GGR) is likely to drop this year. The bank did acknowledge this in their report saying that the slowing down of the mainland Chinese economy can affect Macau casinos; however Macau casino Macau casino shares jumped after China’s Lunar New Year holiday saw tourism growth double to the world’s biggest gaming hub. 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 Wynn Resorts (WYNN +6.8%), Melco Resorts & Entertainment (MLCO +3.2%) and Las Vegas Sands (LVS +5.6%) are up for a second day in a row after new visa developments gave investors a... Casino stocks are increasing in value this week following the news out of Macau that the nearby protests in Hong Kong will have little impact on operations in the world’s richest gaming hub. Macau casino stocks soared on Tuesday on excitement that mainland China will begin reissuing tourist visas after the coronavirus left baccarat tables nearly vacant and slot machines untouched News. Top Stocks to Buy in 2021; Here's Why You Should Buy Macao Casino Stocks Before October Ritz-Carlton Macau and StarWorld Hotel. Melco Resort & Entertainment's (NASDAQ:MLCO)
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