Casino Stocks: The Macau Arrest News That Has MGM, WYNN, LVS and MLCO on Red Today

Casino stocks are on falling on Monday thanks to recent news of an arrest in Macau connected to the industry.

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There were actually several arrests on Saturday in connection to casino stocks but the one we care about is Alvin Chau. He’s the chairman of Suncity Group Holdings, the largest junket operator in Macau. The allegations against him include illegal gambling and money laundering.

News of this arrest is affecting the stocks of casino companies that operate in the area. Let’s take a look at how they are reacting to the news today below!

Casino Stocks in the Red

Investors looking for more hot stock market news today are in luck!

We’ve got traders covered with all the most important news they need to know about for Monday. Among that is what has EV stocks rising today, why Petros Pharmaceuticals (NASDAQ:PTPI) is running higher, as well as the latest news sending NRx Pharmaceuticals (NASDAQ:NRXP) stock higher. You can find out all about these matters at the following links!

More Stock Market News for Monday

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.