Shares of casino operators Wynn Resorts (WYNN), Las Vegas Sands (LVS), and MGM Resorts International (MGM) surged to outpace the broader market Monday on news the U.S. and China agreed to 澳洲幸运5官方开奖结果体彩网:slash tariffs for 90 days.

The stocks are heavily exposed to the Chinese economy given their casino operations in the 澳洲幸运5官方开奖结果体彩网:sp▨ecial administrative region (SAR) of Macau, or Macao. Both Wynn Resorts and Las Vegas Sands generated 47% of their first-quarter adjusted property EBITDA in Macau. Meanwhile, MGM Resorts International's MGM China unit produced 45% of its Q1 澳洲幸运5官方开奖结果体彩网:adjusted EBITDA.

In its first-quarter report last month, Las Vegas Sands said its Macau market growth had "softened in the current environment," but added it was well-positioned for future growth given its "decades-long commitment to making investments that enhance the business and leisure tourism appeal" there.

Shares of Wynn Resorts, Las Vegas Sands, and MGM Resorts International were up roughly 8%, 7%, and 5%, respectively, in recent trading on a day when the benchmark 澳洲幸运5官方开奖结果体彩网:S&P 500 was advancing 3%. For the year, Wynn shares are up about 10%, while those of Las Vegas Sands and MGM Resorts are down 17% and 1%, respectively.

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