Gambling Operators Las Vegas Again “On Horseback”
Las vegas casino operators recorded the rise in stock value after the trading war between the united states and china suspended.
According to media reports, the recent announcement of the pause in the the unleashed war has had a significant impact on casino operators. So, american companies with arence in macau recorded an increase in demand for their shares. In addition, the price reached the highest mark for the last monh.
The suspension in the trading conflict has had a significant impact on the shares of wynn resorts, las vegas sands corp. And mgm resorts international. Their trading cost largely increased. Wynn resorts shares rose 9.5% to $ 119.79, sands – 6.1% to $ 58.34, and the share of mgm shares rose by 3.9% to $ 28.02. Wynn and sands get more than half of their income from macau operations, while mgm generates about 16% of its income from china.
«The impressive november indicators demonstrate that neither the main demand trends, nor the normative prospects, nor the competitive environment create obstacles for the current macau operators», – noted brian mcgill, analyst of the igor sector of telsey advisory group.
Recall: october 1, the action of the memory of victims who died during the tragedy on mandalay bay took place.