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casino themeBut investors embraced the news: on Wednesday, shares of Las Vegas Sands (NYSE:LVS) climbed 1.11% while Wynn Resorts surged almost 4%.Melco Resorts (NASDAQ:MLCO) added 3.79% on the news and was helped by an analyst upgrade.The casino stock was also singled out today by Nomura Institute as one of its top picks for 2020,” according to Seeking Alpha. That’s more than triple the second-largest driver of Macau visits, which was Hong Kong.Beijing is also looking to transform Macau into a financial center in an effort to diversify the gaming-dependent economy there. “Card rooms generate about million in local taxes and support nearly 13,500 jobs. But investors embraced the news: on Wednesday, shares of Las Vegas Sands (NYSE:LVS) climbed 1.11% while Wynn Resorts surged almost 4%.Melco Resorts (NASDAQ:MLCO) added 3.79% on the news and was helped by an analyst upgrade.The casino stock was also singled out today by Nomura Institute as one of its top picks for 2020,” according to Seeking Alpha. But there’s credibility to the effort.China’s massive state-controlled financial institutions have already set up infrastructure in Macau and there are rumors an equity bourse will launch there at some point in the future. Hollywood Casino York, Penn National’s 0 million satellite gaming venue at the York Galleria Mall, has been approved by state regulators. intertops casino clabic mobile login