Overview

• Macau's gaming revenue rose 19% year over year to 21.06 billion patacas ($2.61 billion) in June, exceeding analyst expectations.
• Wynn Resorts and Las Vegas Sands shares climbed about 8% each and MGM Resorts gained 7%, making them among the top S&P 500 gainers.
• Cantopop icon Jacky Cheung's concert series in Macau boosted premium player attendance by 16% and high-roller bets by 36% on opening night.
• Wynn and Las Vegas Sands generated 47% of their first-quarter adjusted property EBITDA in Macau, while MGM China accounted for 45%, underscoring their China exposure.
• U.S. markets diverged over tax policy debates, with the S&P 500 and Nasdaq slipping and the Dow rising, and Tesla shares fell after Elon Musk's spat with President Trump revived.