$LVS, $MGM, $AAPL, $WYNN Morning news
Market gainers are Moderna, BioNTech and Pfizer with 4.7%, 3.2% and 0.8%.
Tickers of Las Vegas Sands, Wynn Resorts, Melco Resorts & Entertainment,and MGM Resorts are traded lower with -11.9%, -11%, -7.9%, and -4.6%.
There is more selling pressure in the Macau casino sector after the Macau government said it is looking to increase direct government supervision of casinos to monitor operations. The step in government supervision could also raise concerns on how the gaming license renewal process will shake out. All three companies have direct investment in Macau, the gambling paradise in Asia.
Today at 10am Pacific time Apple will be holding its "California streaming" event, which is expected to include the release of the brand new iPhone 13, Apple Watch Series 7, and possibly the third-generation AirPods.
https://www.barrons.com/articles/wynn-las-vegas-sands-macau-casinos-increased-supervision-51631628008?siteid=yhoof2
https://www.reddit.com/r/StockMarket/comments/po4ej3/lvs_mgm_aapl_wynn_morning_news/
