MGM Stock Near Buy Point, Earnings On Tap; Macau Gaming Soars

MGM stock climbed early Monday after the gaming bureau in Macau, China reported a surge in April activity — to the highest level since before the coronavirus pandemic. MGM Resorts International (MGM) reports first-quarter results after the close. Other gaming stocks with Macau operations also pointed higher, including Wynn Resorts (WYNN), Las Vegas Sands (LVS) and Melco Resorts (MLCO). X Macau gaming revenue in April vaulted 450% from a year ago to 14.72 billion patacas, or $1.82 billion. That marked a continued acceleration since Beijing ended Covid lockdown protocols late last year. At the same time Macau, a pseudo-autonomous region…