Why U.S. Casinos Are Beating Macao Casinos Right Now
The casino industry has had a rough go of it over the past two years, with COVID-19 shutting down the industry at times and the cash cow of Macao being hit by even more restrictions than U.S. casinos. You might think that this kind of environment would be terrible for casino stocks, but that's not the case across the board.
MGM Resorts (NYSE: MGM) and Penn National Gaming (NASDAQ: PENN) have performed well and are becoming growth stocks, while former industry leaders Las Vegas Sands (NYSE: LVS), Wynn Resorts (NASDAQ: WYNN), and Melco Resorts (NASDAQ: MLCO) have lagged the market by a wide margin. Here's what's going on in gambling and how to play the industry now.
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Source Fool.com
