Macau Lifts Resort Operators MGM, Wynn, Sands
Casino-related stocks were mixed Wednesday, as MGM Resorts International's (MGM) China partnership won approval for a Macau resort and JPMorgan upgraded Macau-linked casino stocks. Melco Crown Entertainment (MPEL) and Wynn Resorts (WYNN) closed slightly up after early gains faded. Las Vegas Sands (LVS) edged up after it gave up most of a 2.5% early advance. MGM rose in early trade, then closed with a narrow loss. The stocks -- part of IBD's
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