Consumers Are Gambling Again: Is It Time to Consider Wynn Stock?
Wynn (NASDAQ: WYNN) was walloped during the pandemic. Its casinos had to close their doors to players and guests alike and are only slowly starting to recover. That slow pace of recovery might change when the company next reports earnings results.
Nevada reported a record high in gambling revenue in May. It's probable that Wynn was a beneficiary of the increase in wagering activity in the state. Even so, is it time to consider Wynn stock, or is it wiser to wait for the recovery to prove it's here to stay?
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Source Fool.com
