Bulletin
Investor Alert

Market Pulse Archives

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

Easing Macau travel restrictions propel casino stocks and gaming ETFs

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

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

or Cancel Already have a watchlist? Log In

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 +0.04% 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 +0.82% rose 0.9%. Shares of Wynn Resorts, Limited, /zigman2/quotes/208845907/composite WYNN -3.23% 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 -2.26% , 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 +3.09% , 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 +0.06% .

/zigman2/quotes/209424070/composite
US : U.S.: Nasdaq
$ 35.91
+0.01 +0.04%
Volume: 11,192
Aug. 7, 2020 3:59p
loading...
/zigman2/quotes/218797171/composite
US : U.S.: NYSE Arca
$ 17.29
+0.14 +0.82%
Volume: 193,105
Aug. 7, 2020 3:59p
loading...
/zigman2/quotes/208845907/composite
US : U.S.: Nasdaq
$ 74.10
-2.47 -3.23%
Volume: 4.87M
Aug. 7, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$8.26 billion
Rev. per Employee
$258,372
loading...
/zigman2/quotes/208792014/composite
US : U.S.: NYSE
$ 44.20
-1.02 -2.26%
Volume: 5.89M
Aug. 7, 2020 4:00p
P/E Ratio
101.03
Dividend Yield
0.00%
Market Cap
$34.54 billion
Rev. per Employee
$266,583
loading...
/zigman2/quotes/209932643/composite
US : U.S.: NYSE
$ 19.03
+0.57 +3.09%
Volume: 34.57M
Aug. 7, 2020 4:00p
P/E Ratio
5.01
Dividend Yield
0.05%
Market Cap
$9.11 billion
Rev. per Employee
$213,874
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,351.28
+2.12 +0.06%
Volume: 2.28B
Aug. 7, 2020 5:10p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.