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wynn casino las vegas wikipediaThe Chinese subsidiary units of the casinos went south, too.Sands China lost 3.19 percent, MGM China fell 8.88 percent, and Wynn Macau lost 6.92 percent. The gaming industry wasn’t immune from stock market crashes felt around the world Monday, as trade war tensions escalated between the United States and China. That helps valuations. All three saw their stocks decline greatly on Monday, respectively down 4.5 percent, 2.5 percent, and more than seven percent as of afternoon trading.People’s Bank of China Governor Yi Gang denied any currency manipulation. While that’s sending stock markets crashing today – the Dow Jones Industrial Average, NASDAQ, and S&P 500 are all down more than three percent – some analysts believe it could be a net positive in the long tmgm casino valet parkingerm for US stocks.DataTrek Research co-founder Nick Colas explained to Yahoo! Finance, “It could be good for US stocks in two ways. The three other licensees in Macau – Melco Resorts, SJM Holdings, and Galaxy Entertainment – respectively lost 4.5 percent, 4.6 percent, and 6.3 percent.Deal or No DealJulian Evans-Pritchard, a senior economist with Capital Economics who specializes in China, says President Xi Jinping’s willingness to stop defending the seven yuan against currency difference “suggests that they have all but abandoned hopes for a trade deal with the US.”“In a statement likely to anger Trump, the People’s Bank of China has explicitly linked today’s devaluation with the renewed tariff threat made by the US last week,” she concluded.The two largest economies in the world engaging in the trade conflict has led to losses around the globe. seneca niagara casino vip lounge

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