shares of some casino operators surged monday after macau tentatively renewed their casino licenses after the company pledged to make investments in attractions not related to gambling as the associated press reported las vegas sands corp shares lvs climbed 37 toward a ninemonth high in premarket trading wynn resorts ltds stock wynn jumped 57 toward a near eightmonth high and mgm resorts internationals stock mgm rallied 29 as those companies had their licenses renewed the license renewals will take effect on jan 1 after final terms are negotiated with regulators the stocks have been rallying on hopes of a renewals helping offset concerns over covidrelated lockdowns given chinas zerocovid policy over the past three months shares of las vegas sands have hiked up 138 wynn have run up 202 and mgm have gained 64 while the sp 500 spx has slipped 08