Las Vegas Sands
Las Vegas Sands Today could have been one of those days that investors will look back on and claim that the market turned around for US gaming stocks. After an address from Macau Chief Executive Fernando Chui eased concerns over a gaming cap, US company stocks soared.

Las Vegas Sands, MGM Mirage, and Wynn Resorts saw their stocks skyrocket on Tuesday after Chui announced that he will not put a cap on the number of casinos in Macau. He will, however, limit the amount of growth within the casino industry.

That was great news for all three US-based companies that already have casinos in Macau. The gaming market in Macau is booming, growing by seventy percent to $1.68 billion in February. Sands, MGM, and Wynn all are beneficiaries of those figures.

Sands stock jumped 7.33%, closing at $20.06. It was the first time in a long time that Sands stock had topped the $20 a share mark. The company is in the process of expanding their gaming options in Macau, which should help the stock price rise even more in the future.

MGM Mirage had one of the best days on the market, increasing almost a full dollar. MGM stock closed at $12.30, a change of 8.08%. Wynn Resorts stock was up 4.48%, finishing the day at $73.63.

The companies that have been slow to enter the Macau gaming market may now find it hard to do so. The three major US companies will become part of a small group of owners who are controlling the biggest casino destination in the world in Macau.

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