JPMorgan bails on Wynn, other Macao casino stocks as they tumble

Published Thu, Sep 16 20217:14 AM EDTUpdated Thu, Sep 16 202112:15 PM EDT

Jesse Pound @/in/jesse-pound @jesserpound

People use their smartphones to take photographs outside The Wynn Macau casino resort, operated by Wynn Resorts Ltd., in Macao, China, on Tuesday, Jan. 30, 2018.

Billy H.C. Kwok | Bloomberg | Getty Images

There is too much uncertainty about the future of casinos in Macao for investors to feel comfortable betting big on those stocks, according to JPMorgan.