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Articles That Matter:

Casinos Stocks Free Fall
by Geoff Garbacz

July 3, 2018

Concerns about slowing growth in Macau casinos is hitting the price of both Las Vegas Sands (LVS) and Wynn Resorts (WYNN). Las Vegas Sands has fallen from $80 to $70 in recent days. Meanwhile Wynn Resorts has fallen from $200 to $150.

Gaming Concerns

The growth rate came in at 12.5% as opposed to estimates of 18%. A proposed move to allow gambling on a nearby island is a potential culprit on the drop in growth along with tightened rules on cash withdrawals.

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