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Macau Reports 7% Rise in December Visitors

Macau reported a 7% year-over-year increase in December visits to its casinos.
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Macau ended the year on a high note as visitors to the gaming region climbed 7% in December. Macau-exposed stocks Las Vegas Sands  (LVS) - Get Free Report , Melco Crown Entertainmentundefined and Wynn Resorts (WYNN) - Get Free Report were all up Monday. MGM Resorts (MGM) - Get Free Report was the lone laggard in trading Monday.

More than 2.8 million people visited Macau in December. Overnight visits climbed 16% to more than 1.5 million people. Overall, 2016 saw a slight increase of visitors from 2015.

While more visitors came to the island, gambling revenue fell slightly. It was the third consecutive year of declines.