Why Casino Stocks Jumped This Week

Shares of casino stocks had a good week, climbing double digits in some cases. The industry continues to get positive news from U.S. gambling sites, led this week by MGM Resorts International (NYSE: MGM) reporting earnings. 

According to data provided by S&P Global Market Intelligence, the biggest stock move this week was Penn National Gaming (NASDAQ: PENN), which traded 10.7% higher for the week as of noon ET on Friday. MGM's neighbor Caesars Entertainment (NASDAQ: CZR) was up 9.7% for the week, while Wynn Resorts (NASDAQ: WYNN) jumped 10.7%. Ironically, MGM was only up 6.2% for the week. 

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Source Fool.com