U.S. Casino Shares Fall as Macau Gaming Revenue Seen Slowing
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U.S. casino operators with properties in Macau dropped in trading Monday, reversing gains last week, after several analysts said gambling revenue this month in the Chinese territory will be below their initial estimates.
Las Vegas Sands Corp. fell 5.1 percent to $52.21, while MGM Resorts International slid 5.5 percent to $19.17 at the close in New York. Wynn Resorts Ltd. lost 6.2 percent to $102.40.