How Macao Could Save Las Vegas Casino Stocks
Most U.S. casinos are going to be shut down for the foreseeable future, and when they reopen, it may be months, or even years before business returns to normal. The economy could be headed into a recession, which will result in less spending from both consumers and businesses.
However, the casino shutdown is already over halfway around the world in Macao, and that could help some of the companies with operations in both Macao and Las Vegas weather the storm. Wynn Resorts (NASDAQ: WYNN), Las Vegas Sands (NYSE: LVS), and MGM Resorts (NYSE: MGM) can lean on Macao for both cash flow and knowledge about how to operate through the COVID-19 pandemic, and that could shine a ray of hope on these operators.
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Source Fool.com
