Macau casino stocks rise as COVID travel restrictions expected this week

Macau casino stocks traded higher after Macau officials signaled that COVID 19 travel restrictions will be lifted. Macau's chief executive, Ho Iat Seng, said China would resume an e-visa scheme for mainland travelers and permit group tours, per Reuters.

Citigroup boosted Wynn Resorts Limited's price target from $87.5 to $91. George Choi, a Citigroup analyst, maintained a Buy rating on the stock. Wynn's shares rose 5.4% to $62.85 in pre-market trading.