|Bid||41.49 x 800|
|Ask||41.50 x 800|
|Day's Range||41.18 - 42.38|
|52 Week Range||19.55 - 45.34|
|Beta (5Y Monthly)||2.45|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.01 (0.02%)|
|Ex-Dividend Date||Sep. 09, 2021|
|1y Target Est||N/A|
Ben Lee, IGamiX Managing Partner, joins Yahoo Finance Live to discuss the latest regulatory concerns facing the Macau gaming industry, sending casino shares lower.
Shares of casino operators in Macao, China, were tumbling hard for a second day on Wednesday after the Chinese government said it would begin imposing tough new regulations on the gambling halls. Melco Resorts & Entertainment (NASDAQ: MLCO) was plunging 16% in late-day trading while MGM Resorts International (NYSE: MGM) was down a more muted 3% following a 4% decline yesterday. Melco is down 20% over two days, undoubtedly because it has greater exposure to Macao than does MGM.
Yahoo Finance's Brian Sozzi and Julie Hyman break down the latest retail sales data from China, as well as gambling regulatory concerns in China sending U.S. Casino stocks lower.