Why Wynn Resorts' Shares Popped 9.7% on Tuesday
Shares of casino giant Wynn Resorts (NASDAQ: WYNN) climbed another 9.7% in trading Tuesday, after a big day to start the week yesterday. Shares closed the day up 8.4%, and the casino industry finally seems to be revived from its COVID-19 doldrums.
The move today continues the pop yesterday driven by visa-related news from Zhuhai, a city next to Macao in China. In the past day, there's been some clarity on the scope of visas being allowed, with the Macau News reporting that non-tourism visas for travel to Macao from all mainland China provinces will also be allowed.
Image source: Getty Images.
Source Fool.com
