Macau Casinos Rebound After ATM Restriction Scare

The big Macau casino scare turned out to be a nothingburger. Shares of Wynn Resorts (NASDAQ: WYNN), Las Vegas Sands (NYSE: LVS) and Melco Crown Entertainment (NASDAQ: MPEL) plunged late last week after the South China Morning Post said Beijing had further clamped down on capital outflows from the gambling enclave by halving the amount of money per transaction that could be withdrawn from ATMs there by UnionPay cardholders, but the reality was less draconian than it first appeared. …read more

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Category: LVS, MPEL, WYNN

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