Why Casino Stocks Have Jumped This Week
Shares of casino stocks jumped across the industry this week, according to data provided by S&P Global Market Intelligence. Stocks with exposure to Macao like MGM Resorts (NYSE: MGM), Las Vegas Sands (NYSE: LVS), and Wynn Resorts (NASDAQ: WYNN) jumped as Macao eased some travel restrictions to the region. U.S. casino operators Penn National (NASDAQ: PENN), Caesars Entertainment (NASDAQ: CZR), and Boyd Gaming (NYSE: BYD) jumped on a combination of bullishness for online gambling and the relief of investors who think low interest rates will last a little longer. Here's a look at how these stocks performed from the close of the market last Friday through the close of the market on Thursday, Aug. 26.
With so many moving parts for casino stocks, let's break down what happened this week.
Source Fool.com