Wynn Resorts (Wynn) surges by 8.8% at Macau Gaming Revenue Jump

Wynn Resorts Ltd. (NASDAQ: WYNN) is one of them These 10 shares are bulletproof.

Wynn Resorts closed at $101.96 on Tuesday as stock prices rose 8.85% and investor sentiment was driven by a surge in Macau’s gaming revenues last month.

During the session, Wynn Resorts Ltd. (NASDAQ: WYNN) reported that a 19% or $417 million total game revenue (GGR) increase (GGR) in June was the same period last year after Macau’s gaming inspection and adjustment agency.

Part of the surge was attributed to a series of concerts by Cantopop icon Jacky Cheung, who began in mid-June and continued into early July. According to Macao Daily, GGRs on June 15th to 22nd alone averaged 685 million pataks per day.

Aerial view of the tower of a luxury hotel surrounded by lush green landscaping.

Positive news has flooded casino operators MGM Resorts International (NYSE: MGM) and Las Vegas Sands (NYSE: LVS) about optimism about optimism reflected in financial performance in the second quarter of the year.

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Disclosure: None. This article was originally published Insider Monkey.