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These Casino Stocks Can Boost Your Portfolio Long After COVID-19
Posted on Friday, March 27th, 2020 by Jea Yu

https://www.marketbeat.com/originals/casino-stocks-can-boost-your-portfolio-long-after-covid-19/?utm_source=newsletter&utm_medium=email&source=ARNDaily

The casino industry was one of the first to get disrupted from the spread of coronavirus. As the epidemic surged in China, the Macao government implemented containment measures resulting in the complete shutdown of casino hotels on the island in February 2020. The three largest casino companies Wynn Resorts LTD (NASDAQ: WYNN) , Las Vegas Sands Corp (NYSE: LVS) and MGM Resorts International (NYSE: MGM) were the first to feel the material financial impact of COVID-19. With virtually all travel, hotel and leisure industries completely shuttered from ongoing social distancing mandates, stocks have experienced unprecedented fallout both in terms of magnitude and velocity is the S&P 500 (NYSEARCA: SPY) proceeded to collapse over (-35 percent) off highs in March 2020. As the smoke clears, an opportunity may present itself to risk-tolerant traders and investors seeking to capitalize on recovery.
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