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The company has stated it plans to give attention to Macau, Singapore, and presumably a brand new casino venture someplace else within the U.S. All of this comes at a time when Macau, hit laborious by the pandemic, has been struggling to rebound to pre-Covid levels and faces strict travel restrictions. The enterprise disruption comes because the Lake Tahoe resorts had been gearing up for the Labor Day weekend vacation. Wynn Resorts (ticker: WYNN) and Las Vegas Sands (LVS) are both primarily based in Las Vegas, but they effectively derive over half of their revenue from Macau on normal occasions. MGM Resorts International was off about 5%. Both Wynn and Las Vegas Sands have been laggards for some time regarding their share prices.

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