GMA quoted in the Las Vegas Review Journal
Casino stocks drop amid worries over Macao licensing news
by Richard N. Velotta
Stock prices of Las Vegas-based gaming companies with operations in Macao plummeted Tuesday as the market reacted to new travel restrictions imposed by the government and news about future casino licensing.
Share for Wynn Resorts Ltd. fell $11.23, or 10.9 percent, to $92.25 a share in volume more than eight times the daily average. Wynn operates two resorts on the Macao peninsula and one near the offshore Cotai Strip.
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