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July 13, 2020, 12:41 p.m. EDT

Easing Macau travel restrictions propel casino stocks and gaming ETFs

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    VanEck Vectors Gaming ETF (BJK)
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    Roundhill Sports Betting & iGaming ETF (BETZ)
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    Wynn Resorts Ltd. (WYNN)

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By Andrea Riquier

Exchange-traded funds with exposure to casino stocks jumped Monday after Chinese authorities announced plans to loosen travel restrictions on people returning to the mainland from Macau. The VanEck Vectors Gaming ETF /zigman2/quotes/209424070/composite BJK +0.53% was 3.6% higher at midday, its best daily return in about 6 weeks, while the Roundhill Sports Betting & iGaming ETF /zigman2/quotes/218797171/composite BETZ +1.38% rose 0.9%. Shares of Wynn Resorts, Limited, /zigman2/quotes/208845907/composite WYNN -2.82% the casino operator with the heaviest exposure to Macau, were nearly 11% higher midday. The VanEck fund has 2.8% of its portfolio in Wynn shares, and another 7.8% in shares of Las Vegas Sands Corp /zigman2/quotes/208792014/composite LVS -3.78% , which were nearly 7% higher. Wynn shares make up 2.1% of the Roundhill fund's portfolio, and it has another 2.3% invested in MGM Resort International /zigman2/quotes/209932643/composite MGM -1.72% , which rose nearly 4% in the early afternoon. Casino stocks have still taken a hefty hit in the year to date, however: Wynn shares are down 41% and MGM shares have lost 49%, compared to a 0.1% decline for the broad S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.40% .

/zigman2/quotes/209424070/composite
US : U.S.: Nasdaq
$ 37.74
+0.20 +0.53%
Volume: 22,845
Aug. 12, 2020 3:59p
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/zigman2/quotes/218797171/composite
US : U.S.: NYSE Arca
$ 17.52
+0.24 +1.38%
Volume: 153,228
Aug. 12, 2020 3:58p
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/zigman2/quotes/208845907/composite
US : U.S.: Nasdaq
$ 85.80
-2.49 -2.82%
Volume: 6.41M
Aug. 12, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$9.52 billion
Rev. per Employee
$258,372
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/zigman2/quotes/208792014/composite
US : U.S.: NYSE
$ 49.07
-1.93 -3.78%
Volume: 5.33M
Aug. 12, 2020 4:00p
P/E Ratio
112.16
Dividend Yield
0.00%
Market Cap
$38.95 billion
Rev. per Employee
$266,583
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/zigman2/quotes/209932643/composite
US : U.S.: NYSE
$ 21.13
-0.37 -1.72%
Volume: 22.97M
Aug. 12, 2020 4:00p
P/E Ratio
5.56
Dividend Yield
0.05%
Market Cap
$10.61 billion
Rev. per Employee
$213,874
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/zigman2/quotes/210599714/realtime
US : S&P US
3,380.35
+46.66 +1.40%
Volume: 2.25B
Aug. 12, 2020 5:10p
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