Casino Stocks Now Trade With The Chinese ADR's
All of the major casino stocks are now trading along with the Chinese stock market. You see, a large amount of the casino revenue comes from the very important Macao region. Recently, the Chinese stock market has been in a significant downtrend. This same trend is also very noticeable in the large casino stocks. Over the past two trading sessions the Shanghai (China) stock index has rallied higher by over 5.0 percent.
Today the large casino stocks such as Wynn Resorts LTD (NASDAQ:WYNN) , Las Vegas Sands Corp (NYSE:LVS), and MGM Resorts International (NYSE:MGM) are all rallying higher. These stocks are certainly being helped by the bounce in the Chinese stock market.