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

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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 InvestorPlace.com Publishing Guidelines.