\n
While gaming companies are reporting improving margins and revenue at regional properties, today’s vaccine news could positively flip the script for ailing Sin City. Pfizer and BioNTech say BNT162b2 showed an efficacy rate of 90 percent in the Phase 3 trial.<\/p>\n<\/div>\n
\u201cThe case split between vaccinated individuals and those who received the placebo indicates a vaccine efficacy rate above 90%, at 7 days after the second dose,\u201d according to the companies. \u201cThis means that protection is achieved 28 days after the initiation of the vaccination, which consists of a 2-dose schedule.\u201d<\/p>\n
The two drug developers estimate they can deliver 50 million doses this year before accelerating to 1.3 billion globally in 2021<\/strong>.<\/p>\nBiden Bounce<\/h2>\n
For US gaming companies with significant Macau exposure, namely Las Vegas Sands and Wynn, and, to a less extent, MGM, electoral clarity is also proving meaningful today.<\/p>\n
President Trump may have some Hail Mary’s he can throw in a bid to retain his spot in the White House. But those are widely viewed as the longest of long shots, and markets appear at peace with the notion of a Biden presidency.<\/p>\n
That’s a boon for Macau operators, because it’s widely expected Biden will take a more congenial approach to relations with the world’s second-largest economy, perhaps removing some of the concession renewal risk faced by LVS, MGM and Wynn<\/strong>.<\/p>\nLicenses in the world’s largest gaming center expire in 2022. Sands, the operator of five Macau integrated resorts<\/a> and the biggest domestic casino company by market capitalization, is joining rivals to the upside today, with a gain approaching 10 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"Shares of casino operators are soaring early Monday. The market was buoyed by two sets of positive headlines, as investors digest news that Democratic nominee Joe Biden is now the president-elect, and that a coronavirus vaccine developed by Pfizer (NYSE:PFE) and BioNTech (NASDAQ:BNTX) showed widespread success in a Phase 3 clinical trial. Among the largest […]<\/p>\n","protected":false},"author":46,"featured_media":154793,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62],"tags":[],"acf":[],"yoast_head":"\n
Pfizer COVID-19 Vaccine News, Biden Win Lift Casino Stocks<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n