Share of casino operators rallied in premarket trading Monday, to buck the selloff in the broader stock market, as investors cheered news that Macau looks set to ease COVID-19 restrictions sooner than expected. Shares of Las Vegas Sands Corp. LVS, +0.51% jumped 7.2%, Wynn Resorts Ltd.
climbed 5.8%, MGM Resorts International MGM, -1.83% rose 2.8% and Caesars Entertainment Inc. CZR, -5.98% were indicated up less than 1%, while futures ES00, -0.77% for the S&P 500 SPX, -1.72% slumped 0.6%. The rallies comes after news that Macau, a gambling center in China, has decided to ease COVID-19 restrictions, by resuming electronic visas for individuals and group tours, around late-October and early-November.
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