Weak Macau Data Pressures Gaming Stocks (LVS) (MPEL) (WYNN) (MGM)
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Up)Gaming stocks including MGM (NYSE: MGM), Melco Crown (NASDAQ: MPEL), Wynn Resorts Ltd (NASDAQ: WYNN), and Las Vegas Sands. (NYSE: LVS) declined again Tuesday following negative August data from Macau. Total gross gaming revenue in August declined 6.1% year-over-year. Notably, VIP revenue declined 19%.
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