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Casino Sector follows MGM Higher
Casino Sector follows MGM Higher

Casino Sector follows MGM Higher

1) A strong earning reports by the MGM resorts is helping to provide a lift to both the Macau Casino resort and U.S. Regionals.

2) Two Notable items from the MGM resort were the 39% Jump in Q3 operating income for MGM China and the incremental boosts that sports betting is providing to land casinos as it legalized on a state by state basis.

3) Profitable gainers include are: Studio City (+6.6%), Empire Resorts (+4.9%), Boyd Gaming (+4.6%), Eldorado Resorts (+4.3%), Penn National Gaming (+3.3%) and Wynn Resorts (+3.1%).

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About the author

Caleb Jose

Caleb Jose

Caleb is based out of Kansas City and he is responsible for overseeing day-today processes of Casino Buzz. He takes care of the backend technology, along with being the main data collector and reporter for Casino Buzz. He can be reached out at cj@casino.buzz

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