Search results
Results from the WOW.Com Content Network
Shares of casino stocks with exposure to Macao had a great week this week after China announced economic stimulus plans. According to data provided by S&P Global Market Intelligence, shares of ...
Gaming and copper equities have outperformed since China's stimulus blitz, and are likely the safest bet going forward, Trivariate Research says. Buy US-listed casino and copper stocks to ...
Gambling in China is illegal under Chinese law [1] and has been officially outlawed since the Communist Party took power in 1949. [2] Any form of gambling by Chinese citizens, including online-gambling, gambling overseas, opening casinos overseas to attract citizens of China as primary customers, is considered illegal. [3]
The chief executive of MGM Resorts International brushed off concerns about a Chinese government crackdown crimping profits in the world’s largest gaming market of Macau, saying he doesn’t ...
Since Macao opened its casino market following the handover to Beijing, its economy has grown to $46 billion in 2023 from $6.5 billion in 1999, despite economic slumps during the COVID-19 pandemic ...
The current casino concessions only cover land-based gaming, not online gaming. Macau's junket trade operates in a legal gray area. [9]: 9–10 Macau's gaming law expressly prohibits casinos from loaning money to gamblers, but does not expressly prevent private companies doing so via the junket trade. [9]: 10
In this video, Travis Hoium goes through everything you need to know to understand the financial results of casino stocks. *Stock prices used were end-of-day prices of June 11, 2024. The video was ...
Shares of Casino operators Wynn Resorts Limited (NASDAQ: WYNN) and MGM Resorts International (NYSE: MGM) gained on Monday after being granted licenses to operate in Macau. Six casino operators in ...