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Wynn and Sands Shares Drop
15th October 2009

News that has been released about the Macau government limiting the expansion of casinos in Macau has caused investors to drop some of the shares of the major American casinos in Macau. Wynn resorts feel by $1.94 or 2.86 percent to close at $65.88 and Las Vegas Sands closed $17.72 down 33 cents or 1.83 percent. The news follows the Macau government's suggestion that it will try to control the size of the gambling market in Macau to ensure that there will be equal competition. The government is also investigating the notion of raising the legal gambling age from 18 to 21.

Wynn resorts operate one of the biggest casinos in Macau, whilst Las Vegas Sands has three casinos in Macau which includes the giant Venetian Macau, one of the biggest casinos in Macau. Many industry analysts actually feel that the recent news from the government is no cause for concern and that casinos in Macau will remain very profitable from the recent visa relaxations from the mainland Chinese government. The latest figures have showed that the Macau casinos have picked up on trade and show signs of good recovery.

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