Forget Wynn, MGM Resorts Is a Better Value Stock
Share prices of casino stocks have plummeted since the start of 2020 due to the COVID-19 pandemic. Though stocks in many other impacted sectors have recovered from March lows, share prices in the gambling industry remain down by as much as 50% year to date. This puts them in value stock territory, assuming the businesses in question fully recover.
While both Wynn Resorts (NASDAQ: WYNN) and MGM Resorts International (NYSE: MGM) will both gain from a rejuvenated casino business, one is well ahead in terms of benefiting from the growing online sports betting and gambling markets.
Source Fool.com
