The Macau Gaming Inspection and Coordination Bureau reported that casino revenue rose 19% to 21.06 billion Macanese patacas (MOP), equivalent to approximately $2.61 billion, last month.
Shares of hospitality and casino entertainment company MGM Resorts (NYSE:MGM)
jumped 7.3% in the afternoon session after regulators in Macau reported a surge in June 2025 gaming revenue.
Stay informed about the performance of the S&P500 index one hour before the close of the markets on Tuesday. Uncover the top gainers and losers in today's session for valuable insights.
MGM Resorts’ first quarter results met Wall Street’s revenue expectations but drew a modestly negative market reaction, as sales declined compared to last year and operating margins compressed. Management attributed the softer revenue to challenging year-ago comparisons, particularly with last year’s Super Bowl impact, and incremental weather disruptions at regional properties. CEO Bill Hornbuckle emphasized the company’s progress in growing its digital business and loyalty program, noting, “Our MGM Rewards program crossed 50 million members, reflecting the staying power of MGM’s iconic brands.”
Value investing has created more billionaires than any other strategy, like Warren Buffett, who built his fortune by purchasing wonderful businesses at reasonable prices.
But these hidden gems are few and far between - many stocks that appear cheap often stay that way because they face structural issues.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Monarch (NASDAQ:MCRI) and the rest of the casino operator stocks fared in Q1.
Investors embraced a risk-on mood Monday, showing optimism that Iran might seek a diplomatic solution to the crisis despite continued hostilities with Israel.
A number of stocks jumped in the afternoon session after the major indices rebounded (Nasdaq +1.5%, S&P 500 +1.0%) as reports pointed to easing tensions between Israel and Iran.
Let's have a look at what is happening on the US markets in the middle of the day on Monday. Below you can find the top S&P500 gainers and losers in today's session.
