5:31 PM · 28 June 2022

Casino stocks rally as China ease covid restrictions

Las Vegas
Stocks
LVS.US, Las Vegas Sands Corp
-
-
Wynn Resorts
Stocks
WYNN.US, Wynn Resorts Ltd
-
-

Macau-focused gaming stocks like Las Vegas Sands (LVS.US), Wynn Resorts (WYNN.US) rose more than 5.0% on Tuesday as the Chinese government decided to ease coronavirus-induced restrictions in  capital Beijing and the financial hub of Shanghai. From the casino operators point of view, less restrictive quarantine rules for international arrivals are the most important, which should bring more gambling enthusiasts to Macau, which is China's gambling hub.  

Las Vegas Sands (LVS.US) launched today’s session with a bullish price gap, however sellers failed to break above downward trendline and price pulled back slightly. If sellers manage to close today's gap, then the road towards recent lows at $28.80 will be left open. Source: xStation5

3 October 2025, 6:47 PM

Daily Summary: Strong Russel and metals, ATH in UK

3 October 2025, 4:25 PM

Coinbase shares above important resistance zone🔔

3 October 2025, 4:11 PM

US500 hits new all-time high📈Applied Materials loses, RareEarth USA surges on US deal rumors

3 October 2025, 12:46 PM

DE40: Europe looking for direction amid mixed PMI reports

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits