Las Vegas Sands, Wynn Resorts Surge As Macau Clarifies Casino Licensing Rules

Published by
The Street

By Martin Baccardax Macau, the world’s largest gaming hub, will cap the number of casino operator licenses at six, while boosting local ownership requirements, when it auctions new permissions later this year. Las Vegas Sands (LVS) – Get Las Vegas Sands Corp. Report and Wynn Resorts (WYNN) – Get Wynn Resorts, Limited Report shares surged higher Friday after officials in Macau set out plans to limit the number of casinos in the world’s largest gaming hub. Macau, a Special Administrative Region of the People’s Republic of China, will cut the tenue of gaming licenses to 13 years — from the curre…

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