Why Macao's Gambling Stocks Jumped on Monday

Why Macao's Gambling Stocks Jumped on Monday

Shares of the U.S.-traded gambling companies with exposure to Macao jumped on Monday as China eased some of its travel restrictions. Shares of Wynn Resorts (NASDAQ: WYNN) jumped as much as 12.2%, Las Vegas Sands (NYSE: LVS) was up 9.6%, and Melco Resorts (NASDAQ: MLCO) rose as much as 17.9%. The biggest news is that Guangdong Province in China, which neighbors Macao, is easing a quarantine requirement for visitors coming from Macao.