Should You Wait Until After the Election to Buy MGM?
When investors think of MGM Resorts International (NYSE: MGM) right now, they probably think of how much the casino industry has been affected by the COVID-19 pandemic. But MGM also has a segment that has been growing throughout the pandemic, with its BetMGM online sports betting and gambling app.
A number of U.S. states have already legalized sports betting, and three more have it on the ballot in the election. Those three states include Maryland, where MGM has a regional casino presence. Investors who want to get in on the sports betting action don't need to wait until the election is over to get good odds on MGM.
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Source Fool.com
