Macau casinos lower following report of junket scrutinty

theflyonthewall.com

Shares of casinos with ties to Macau, including Las Vegas Sands (LVS), Melco Crown (MPEL), MGM Resorts (MGM) and Wynn Resorts (WYNN), are trading lower in pre-market trading after The Times of London reported that China's government will begin clamping down on junket operators that bring gamblers from the mainland to Macau. Junket operators drive growth of high stakes gamblers by serving as promoters and middlemen.

Rates

View Comments (0)