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.
Over 100,000 dead in the USA in 10 weeks from Coronavirus, 41 million unemployed, 25% of workforce out of work, several small companies going out of business permanently, and bankruptcies and evictions soaring. No cure or vaccine. Country is more divided than ever.
Let’s Roll Those Dice! 🎲 🎲 Jackpot 🎰
Elders won't come back for a while.