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The new regulations are designed primarily to restrict illegal cash transfers and unregulated lending. However, the shares of U.S. operators suffered the worst selloffs on investor anxiety over the uncertainty surrounding the future of casinos in Macau.
Given this backdrop, we think it could be wise to steer clear of casino stocks Las Vegas Sands Corp. (LVS), MGM Resorts International (MGM), and Wynn Resorts, Limited (WYNN), which possess weak growth prospects and bleak financials.
