Casino stocks slump on new Chinese COVID-19 restrictions

Casino stocks with ties to Macau slumped in premarket trade as China reported its first death from COVID-19 since May and announced new restrictions. In the southern Guanghzhou, there’s a five-day lockdown in its most populous district, and schools in Beijing went back to online learning. Melco Resorts & Entertainment fell 4%, while Wynn Resorts and Las Vegas Sands each lost 3%. In Hong Kong, Sands China fell 7% and Galaxy Entertainment declined by 5%.

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