MGM to reopen Las Vegas resort casinos on June 4

MGM Resorts International announced Wednesday its plan to reopen its Las Vegas properties on June 4, including the Bellagio, MGM Grand Las Vegas, New York-New York and The Signature casino resorts. The company said the amenities at all properties will be limited at the start. "As demand for the destination builds, additional venues within these resorts will open and other MGM Resorts properties on The Strip will reopen," the company said in a statement. Employees will be required to wear masks, while guests will be "strongly encouraged" to do the same, and could be required to wear masks in certain settings where social distancing is more difficult to maintain. Earlier, Wynn Resorts Ltd. also said its Wynn Las Vegas resort will open on June 4. MGM's stock tacked on 0.5% in afternoon trading. It has lost 30.5% over the past three months while the S&P 500 has gained 1.1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.