After over two months of unprecedented shutdowns due to the coronavirus pandemic, Las Vegas casinos have been given a green light to reopen on June 4, a move that could result in a major rebound for their beaten-down stocks.KEY FACTS
According to investment researcher Morningstar, while the coronavirus pandemic continues to “materially affect near-term travel and leisure demand,” all three major casino stocks are trading at significant discounts to fair value: Wynn , MGM and Las Vegas Sands . Caesars Entertainment, Las Vegas Sands, Boyd Gaming Corp., MGM and Wynn Resorts say they will open that day.
skleb1234 Little late. Still a few deals. Red rock group which owns stations is still a good buy. Locals) Most of their customers live within 3 miles of the casinos. Not opening up that boat anchor Palms rt away either. Stock got pounded a before all this bc they put 600 mill in that.
skleb1234 Yes, since money will just be dropped off their doorstep to save time.
skleb1234 Я верю вам
skleb1234 No I think with the economy cascading down rapidly these would be a bad sector to invest in now.
skleb1234 They’ve already rebounded a huge chunk latetotheparty
skleb1234 Three to one says they continue to crap out.
skleb1234
skleb1234 Wouldn't touch them. Much more interesting stocks our there just now.
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