Las Vegas Is Booming: 3 Stocks to Buy to Profit From the Trend
There's still a pandemic in the U.S., but you wouldn't know it by the gambling numbers coming out of Las Vegas. In July 2021, gamblers lost $793.7 million on the Strip, up 140.5% versus a year ago and an all-time record for the gambling hub.
The figure was a swift departure from the slow pandemic recovery that casino companies talked about in the first half of 2021. MGM Resorts International (NYSE: MGM), Caesars Entertainment (NASDAQ: CZR), and Wynn Resorts (NASDAQ: WYNN) all saw a recovery in gambling on weekends, but didn't see a return in convention bookings and were hesitant to say the recovery was complete. That tune might be changing.
Image source: Getty Images.
Source Fool.com
