Las Vegas Sands executives said the company is strong financially, and that there will be “pent-up demand” from customers when casinos reopen. The stock rose 12% on Thursday. Many investors have given up on land-based casino stocks in 2021 due to the pandemic, but this could be the right time to dive in rather than waiting on the sidelines. At some point, casinos will reopen, and people will start pouring through the doors. Despite Macau's gaming revenue increasing 14% in 2018, casino stocks that have exposure to the Chinese gaming mecca failed to attract investor interest last year due to concerns about a slowing... The initial reopening of the Las Vegas Strip went relatively well for casino operators in early June, but abysmal room rates and a second wave of the COVID-19 outbreak seems to have eliminated ... Up 333% in the past year and more than 24-fold from its coronavirus lows, Penn National stock had done the most “winning” among stocks in this very hot sector. Why? Namely, thanks to its Why? Why Casino Stocks Jumped Big on Tuesday Travis Hoium 3/31 ... There will likely be a move by many casino companies in the next few weeks to shore up their balance sheets in one way or another ... Why Casino Stocks Jumped Double Digits on Monday Macao was in the news in a good way for casino stocks today. Travis Hoium (TMFFlushDraw) Aug 10, 2020 at 5:22PM Author Bio. Travis Hoium has been ... Why It's Important: The case for buying casino stocks is based a lot more than just "enormous" pent-up demand and upcoming earnings reports that will stack up against a dismal 2020, Cramer said. The public’s pent-up demand for travel and a potential for better US-China relations point to a “huge year” for casino stocks in 2021, according to CNBC’s CNBC's Jim Cramer says pent-up ... Why Casino Stocks Jumped Big on Tuesday A huge merger is still on, plus a surprising real estate deal shows that casino companies can still access capital markets.
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