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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. 

Source: Yahoo! Finance. 

With so many moving parts for casino stocks, let's break down what happened this week. 

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Source Fool.com

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