Shares of casino stocks, including MGM Resorts International (NYSE:MGM), are trading lower amid reports of increased government oversight of casinos in Macau.
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one-fourth of all units in the market.
MGM is trading lower by 4.2% at $41.28. MGM has a 52-week high of $45.34 and a 52-week low of $40.73.
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