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Why Eldorado Resorts Rose 13% in June

TheMotleyFool

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Shares of casino operator Eldorado Resorts (NASDAQ: ERI) jumped 13% in June according to data from S&P Global Market Intelligence. Trading was fairly volatile throughout the month, but followed a very strong showing in May. Which is actually pretty important.

Like so many other things in the world today, Eldorado Resorts' business has been impacted by COVID-19. Its casinos were shut down when the government was working to contain the spread of the coronavirus. When that effort started to gain traction, investors became more upbeat about the future and eventually Eldorado began the reopening process. Thus, May was a very good month for the casino operator.

Image source: Getty Images.

Source Fool.com

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