As Las Vegas reopens, should investors bet on casino stocks rebounding? by skleb1234
After over two months of unprecedented shutdowns due to the coronavirus pandemic, Las Vegas casinos have been given a green light to reopen on June 4, a move that could result in a major rebound for their beaten-down stocks.KEY FACTS
According to investment researcher Morningstar, while the coronavirus pandemic continues to “materially affect near-term travel and leisure demand,” all three major casino stocks are trading at significant discounts to fair value: Wynn , MGM and Las Vegas Sands . Caesars Entertainment, Las Vegas Sands, Boyd Gaming Corp., MGM and Wynn Resorts say they will open that day.
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