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MGM Resorts shares drop in aftermath of Las Vegas shooting

MGM Resorts stock was down more than 4% while Las Vegas Sands and Wynn Resorts also traded lower.

Mandalay Bay resort
Mandalay Bay resort

New York listed casino stocks are expected to start Monday’s trading session in the aftermath of the Las Vegas mass shooting.

A single gunman opened fire on groups of people attending an open-air country music festival in a busy part of the Las Vegas strip. According to reports, the gunman was firing from a position within the Mandalay Bay resort.

The human cost of the atrocity is still being counted, at the time of writing reports put the death toll at 50 with more than 200 people injured.

In Monday’s premarket dealing shares in MGM Resorts International (NYSE:MGM), the owner and operator of Mandalay Bay, was down more than 4% changing hands at US$31.20.

Other Las Vegas casino and hotel stocks were also trading lower.

Las Vegas Sands Corp (NYSE:LVS) and Wynn Resorts Limited (NASDAQ:WYNN) fell 1.52% and 1.3% to trade at US$63.17 and US$147 respectively.

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