Why Melco Resorts and Entertainment Stock Jumped 14% in December

Shares of Melco Resorts and Entertainment (NASDAQ: MLCO) gained 13.6% in December, according to data provided by S&P Global Market Intelligence.

Casino stocks got a boost last month following the news that Chinese President Xi Jinping would visit Macau, which makes up most of Melco's revenue, to announce plans to diversify the island's economy into financial services. 

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Source Fool.com