Similar Stories to A Story Out Of China Has Casino Stocks Surging on Bing News

Linette Lopez, Business Insider
Tue, 09/30/2014 - 10:47am

Las Vegas Sands, MGM and Wynn all surged 4%-5% Tuesday on the news that China will wind down an anti-corruption drive within the ruling Communist Party. China Daily reports that the campaign was meant to curb "misbehavior by party officials." "The campaign has reached its goals... but Party organizations at all levels must not let up on the drive to improve working practices and should continue to deal with the problems exposed by the campaign," said a statement released Tuesday after a meeting of the Political Bureau of the CPC Central Committee.

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