Is MGM Stock a Buy?
Few industries have been as negatively impacted by COVID-19 as the gambling industry. Casinos across the U.S. were shut down for months, travel has dropped like rock, and people are naturally avoiding spaces with lots of people, which is where gambling companies make their money.
When we look at MGM Resorts (NYSE: MGM), its business is mostly operational across the U.S. today, but it'll be at the mercy of consumers and businesses and their appetite to spend money and take the inherent risks associated with going to indoor entertainment locations. That puts a lot of uncertainty on the company for the foreseeable future.
Image source: Getty Images.
Source Fool.com
