Macau review hits gaming stocks as Wall Street rises

macau review hits gaming stocks as wall street rises

Sumary of Macau review hits gaming stocks as Wall Street rises:

  • US-listed Chinese stocks extended recent losses on Wednesday, as weak retail sales data pointed to a possible economic slowdown in the mainland, while a regulatory overhaul of Macau’s casino industry further dampened appetite for Chinese stocks.
  • US-based casino operators Las Vegas Sands, Wynn Resorts and MGM Resorts International slid between 1.7 percent and 6.3 percent.
  • Overall, US stocks closed higher on Wednesday as rising crude prices boosted energy shares and a swath of positive US data suggested inflation has crested and the economic recovery remains robust, boosting investor sentiment.

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