{"id":155457,"date":"2020-11-16T10:59:56","date_gmt":"2020-11-16T18:59:56","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=155457"},"modified":"2020-11-16T12:28:07","modified_gmt":"2020-11-16T20:28:07","slug":"moderna-vaccine-looks-good-lifting-macau-stocks","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/moderna-vaccine-looks-good-lifting-macau-stocks\/","title":{"rendered":"Macau Stocks Rally as Moderna Says COVID-19 Vaccine Has 94.5 Percent Efficacy Rate"},"content":{"rendered":"

Gaming operators with exposure to Macau are among the best-performing industry names Monday. That’s after biotechnology company Moderna, Inc. (NASDAQ:MRNA) revealed encouraging late-stage trial results for its coronavirus vaccine.<\/p>\n

\"Moderna\"
Moderna delivered good news on its mRNA-1273 COVID-19 vaccine, sparking a rally in Macau stocks. (Image: Sky News<\/em>)<\/figcaption><\/figure>\n

In midday trading, most US-based casino operators are trading even as COVID-19 case counts surge, and as some states move to shutdown gaming venues<\/a> for a second time this year. Still, for a second consecutive Monday, casino equities are soaring on encouraging vaccine news. Last week, Pfizer (NYSE:PFE) and BioNTech (NASDAQ:BNTX) said its BNT162b2 displayed positive results<\/a> in a Phase 3 trial, sporting an efficacy rate of 90 percent.<\/p>\n

Moderna’s vaccine candidate against COVID-19, mRNA-1273, sports a superior efficacy rate of 94.5 percent, with minor side effects.<\/p>\n

The majority of adverse events were mild or moderate in severity. Grade 3 (severe) events greater than or equal to 2% in frequency after the first dose included injection site pain (2.7%), and after the second dose included fatigue (9.7%), myalgia (8.9%), arthralgia (5.2%), headache (4.5%), pain (4.1%) and erythema\/redness at the injection site (2.0%),\u201d according to the company.<\/p><\/blockquote>\n

Of the largest domestic gaming companies by market value, the leaders today are those with Macau footprints. For example, Wynn Resorts (NASDAQ:WYNN) is one of today’s winners, with a gain of 3.52 percent. The company’s China unit controls Wynn Macau and Wynn Palace in the world’s largest casino center.<\/p>\n

Why It’s Important<\/h2>\n

Compared to Europe and the US, China has the virus under control. While case counts in the US are recently averaging 100,000 or more per day, the Nov. 15 tally in China was just eight.<\/p>\n

Macau is also proving adept at managing the virus. The special administrative region (SAR) reported just 46 documented coronavirus cases and no fatalities.<\/p>\n

Still, a viable vaccine is positive for the gaming hub, because many tourists are staying away<\/a> from the SAR amid the pandemic. Only recently are visitation and gross gaming revenue (GGR) figures showing signs of life. Some analysts believe COVID-19 prevention is what operators need to hasten a Macau rebound.<\/p>\n

Stocks are reflecting that sentiment today, with Las Vegas Sands (NYSE:LVS), the operator of five integrated resorts on the peninsula, up by more than one percent. The US-listed shares of Melco Resorts & Entertainment (NASDAQ:MLCO) are higher by 3.30 percent<\/strong>.<\/p>\n

Obvious US Benefits<\/h2>\n

\u201cModerna intends to submit for an Emergency Use Authorization (EUA) with the US Food and Drug Administration (FDA) in the coming weeks and anticipates having the EUA informed by the final safety and efficacy data (with a median duration of at least 2 months),\u201d according to the drug maker.<\/p>\n

Other operators are benefiting from the latest good news on the vaccine front. For example, MGM Resorts International (NYSE:MGM), the largest operator on the Las Vegas Strip and the parent company of two Macau venues<\/a>, is flirting with a gain of two percent.<\/p>\n

A vaccine is widely viewed as vital to the Strip’s ability to win back convention and leisure travelers, making the Moderna news highly relevant to Southern Nevada. The biotechnology company’s vaccine doesn’t require deep freezing temperatures on par with the competing Pfizer product, making for easier distribution, storage, and transportation.<\/p>\n

The company believes it can ship 20 million doses of mRNA-1273 this year before ratcheting that number up to 500 million to one billion in 2021<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gaming operators with exposure to Macau are among the best-performing industry names Monday. That’s after biotechnology company Moderna, Inc. (NASDAQ:MRNA) revealed encouraging late-stage trial results for its coronavirus vaccine. In midday trading, most US-based casino operators are trading even as COVID-19 case counts surge, and as some states move to shutdown gaming venues for a […]<\/p>\n","protected":false},"author":46,"featured_media":155458,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069],"tags":[],"acf":[],"yoast_head":"\nModerna Vaccine Looks Good, Lifting Macau Stocks<\/title>\n<meta name=\"description\" content=\"Macau equities and other casino names are getting a lift as Moderna delivers solid trial results for its COVID-19 vaccine.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moderna Vaccine Looks Good, Lifting Macau Stocks\" \/>\n<meta property=\"og:description\" content=\"Macau equities and other casino names are getting a lift as Moderna delivers solid trial results for its COVID-19 vaccine.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/moderna-vaccine-looks-good-lifting-macau-stocks\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-16T18:59:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-16T20:28:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/11\/moderna.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1152\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/moderna-vaccine-looks-good-lifting-macau-stocks\/\",\"url\":\"https:\/\/www.casino.org\/news\/moderna-vaccine-looks-good-lifting-macau-stocks\/\",\"name\":\"Moderna Vaccine Looks Good, Lifting Macau Stocks\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/moderna-vaccine-looks-good-lifting-macau-stocks\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/moderna-vaccine-looks-good-lifting-macau-stocks\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/11\/moderna.jpg\",\"datePublished\":\"2020-11-16T18:59:56+00:00\",\"dateModified\":\"2020-11-16T20:28:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Macau equities and other casino names are getting a lift as Moderna delivers solid trial results for its COVID-19 vaccine.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/moderna-vaccine-looks-good-lifting-macau-stocks\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/moderna-vaccine-looks-good-lifting-macau-stocks\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/moderna-vaccine-looks-good-lifting-macau-stocks\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/11\/moderna.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/11\/moderna.jpg\",\"width\":2048,\"height\":1152,\"caption\":\"Moderna delivered good news on its mRNA-1273 COVID-19 vaccine, sparking a rally in Macau stocks. (Image: Sky News)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/moderna-vaccine-looks-good-lifting-macau-stocks\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Asia Pacific Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/asia-pacific-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Macau Stocks Rally as Moderna Says COVID-19 Vaccine Has 94.5 Percent Efficacy Rate\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Moderna Vaccine Looks Good, Lifting Macau Stocks","description":"Macau equities and other casino names are getting a lift as Moderna delivers solid trial results for its COVID-19 vaccine.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Moderna Vaccine Looks Good, Lifting Macau Stocks","og_description":"Macau equities and other casino names are getting a lift as Moderna delivers solid trial results for its COVID-19 vaccine.","og_url":"https:\/\/www.casino.org\/news\/moderna-vaccine-looks-good-lifting-macau-stocks\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2020-11-16T18:59:56+00:00","article_modified_time":"2020-11-16T20:28:07+00:00","og_image":[{"width":2048,"height":1152,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/11\/moderna.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/moderna-vaccine-looks-good-lifting-macau-stocks\/","url":"https:\/\/www.casino.org\/news\/moderna-vaccine-looks-good-lifting-macau-stocks\/","name":"Moderna Vaccine Looks Good, Lifting Macau Stocks","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/moderna-vaccine-looks-good-lifting-macau-stocks\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/moderna-vaccine-looks-good-lifting-macau-stocks\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/11\/moderna.jpg","datePublished":"2020-11-16T18:59:56+00:00","dateModified":"2020-11-16T20:28:07+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Macau equities and other casino names are getting a lift as Moderna delivers solid trial results for its COVID-19 vaccine.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/moderna-vaccine-looks-good-lifting-macau-stocks\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/moderna-vaccine-looks-good-lifting-macau-stocks\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/moderna-vaccine-looks-good-lifting-macau-stocks\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/11\/moderna.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/11\/moderna.jpg","width":2048,"height":1152,"caption":"Moderna delivered good news on its mRNA-1273 COVID-19 vaccine, sparking a rally in Macau stocks. (Image: Sky News)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/moderna-vaccine-looks-good-lifting-macau-stocks\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Asia Pacific Gaming","item":"https:\/\/www.casino.org\/news\/asia-pacific-gaming\/"},{"@type":"ListItem","position":3,"name":"Macau Stocks Rally as Moderna Says COVID-19 Vaccine Has 94.5 Percent Efficacy Rate"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/155457"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=155457"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/155457\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/155458"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=155457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=155457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=155457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}