U.S. casino operators drop again as regulatory uncertainty weighs
21/09/2021 16:10
** Shares of U.S. casino operators Las Vegas Sands Corp
LVS.N and Wynn Resorts Ltd WYNN.O down >2%, Melco Resorts &
Entertainment Ltd MPEy.F MLCO.O off 1.5%, while MGM Resorts
International MGM.N dips fractionally on Tues
** Senior Macau casino and junket executives met with
authorities in the world's biggest gambling hub on Monday
seeking details on proposed regulatory changes, but received
little in the way of clarity urn:newsml:reuters.com:*:nL4N2QM1M8
** The meeting was the only official opportunity for the
industry to air its views during the 45-day gaming consultation.
It was attended by Sands China 1928.HK , Wynn Macau 1128.HK ,
Galaxy Entertainment 0027.HK , MGM China 2282.HK , Melco
Resorts MPEy.F and SJM Holdings 0880.HK
** WYNN shares falling for 6th straight session since
Macau's government kicked off the consultation, shedding ~23%
along the way
** Over same time frame, LVS has lost 14%, MLCO down ~19%,
and MGM off ~5%
(Reporting by Kannaki Deka in Bengaluru and Lance Tupper
Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((Kannaki.Deka@thomsonreuters.com
lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))