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Why MGM Resorts May Not Recover Quickly

TheMotleyFool

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While the human toll from COVID-19 is apparent, the economic toll varies, as the pandemic is affecting certain industries more than others. The gaming industry, with governments restricting gatherings, is one of the most severely impacted.

Naturally, MGM Resorts International (NYSE: MGM) is not immune. In fact, the company has taken it on the chin. While the casino operator's results are cyclical, management's recent actions suggest that they will not bounce back quickly.

Image source: Getty Images.

Source Fool.com

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