Casino operators drop in premarket trade on Macau week-long shutdown

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Shares of casino operators with operations in Macau fell Monday, after Macau city officials said casinos there would be shut down for a week to fight a COVID-19 surge. Shares of Wynn Resorts Ltd. WYNN, -2.42% dropped 5.7%, Las Vegas Sands Corp. LVS, -2.69% slumped 5.3% and Melco Resorts & Entertainment Ltd. MLCO, -0.36% shed 4.6%. Wynn and Las Vegas Sands had more revenue from Macau than Las Vegas in 2021. Shares of MGM Resorts International MGM, -1.38%, which has a relatively small operation in Macau, fell 3.0% in Monday’s premarket. Meanwhile, futures ES00, -0.47% for the S&P 500 SPX, -0.08% eased 0.6% ahead of the open.

This article was originally published by Marketwatch.com. Read the original article here.

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