The Philippines is undergoing a pretty significant shift in its gambling industry. The latest, however, seems to be a complete step backward, as a senator is calling for a complete ban on all forms of online gambling.
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Melco Resorts & Entertainment Limited (NASDAQ:MLCO) rose 5.97% in early trading on Wednesday, while Las Vegas Sands (NYSE:LVS) gained 2.33% and Wynn Resorts (NASDAQ:WYNN) was 1.88% higher. The three casino stocks are on their way to a third straight up day.
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