Casino stocks, including Wynn and MGM, are getting hammered

bishqqq

EOG Addicted
WYNN down 33% since jan. 13th..........MGM down 40%..........loooking very interesting down here.
 

MrTop

EOG Master
buy low. They are setting up shop in NJ. Will open before football if the virus does not beat them in OT

(Reuters) - U.S. stocks tumbled on Thursday
 
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Sportsrmylife

EOG Master
this virus might run these stocks down a bit more.

taking some now and more later isn't a bad strategy.

saw on twitter that mgm might have an employee with coronavirus. RUMORED but "robinhood702" isn't wrong very often.

the mgm stock took see more of a fall.
 

Crazy Pete

EOG Addicted
Wynn & MGM stock prices are predominately valued by their Macau operations.
Macau was closed for 2 weeks, & their main customers, wealthy superstitious Chinese businessmen, have large travel, health & wealth restrictions right now.

Both Wynn & MGM (especially MGM), are very anti-AP, and pro-fees & high rip-off prices, so I’d like to think their stocks are falling because of their rip-off U.S. operations.
But for those 2 stocks, the Macau tail wags the dog.
 
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