Las Vegas Sands, Casino Stocks Surge on Hopes for End to Shanghai Lockdowns

GENLI.ORG

Casino stocks are climbing on Friday after Shanghai officials announced that the city will attempt to reopen in a few days, weeks after the implementation of strict lockdowns.

Las Vegas Sands (ticker: LVS), Melco Resorts & Entertainment (MLCO) and Wynn Resorts (WYNN) are a few of the U.S. listed Macau casino stocks that have felt the sting of the Shanghai lockdowns that began on March. Since the market closed on March 28, Las Vegas Sands stock has fallen 14.6%, while Melco Resorts stock has tumbled 32%, and Wynn Resorts stock…

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