Las Vegas Sands (LVS) Falls On Fears of Visa Restrictions in Macau
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Shares of Las Vegas Sands Corp. (NYSE: LVS) are down over 6% in early trading today following reports from Portuguese news agency Lusa the Chinese government may increase visa restrictions in Macau in October.
If the Chinese government moves forward it will likely have a negative impact on gaming visitors and revenues in Macau, which is considered the Chinese Las Vegas.
Other Macau stocks include: Wynn Resorts (Nasdaq: WYNN), Melco Crown Entertainment Ltd. (Nasdaq: MPEL) and MGM Mirage (NYSE: MGM).
If the Chinese government moves forward it will likely have a negative impact on gaming visitors and revenues in Macau, which is considered the Chinese Las Vegas.
Other Macau stocks include: Wynn Resorts (Nasdaq: WYNN), Melco Crown Entertainment Ltd. (Nasdaq: MPEL) and MGM Mirage (NYSE: MGM).
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