Casino Stocks

lustbicharrin1976.netlify.com › ★ ★ Casino Stocks

In hindsight, last March may have been a once-in-a-lifetime opportunity to buy casino stocks. Why? Crashing due to the novel coronavirus, and the lockdowns that followed, gaming names large and small fell to near-distressed prices. But with casinos opening much sooner than anticipated (albeit with social distancing), this sector proved resilient as 2020 played out. Coupled with iGaming (online casino) and sports wagering megatrends, investors had plenty of reason to bid stocks in the sector back up. And then some. Not only are sector-wide ETFs (exchange-traded funds), like the VanEck Vectors Gaming ETF (NASDAQ:BJK) back above their pre-outbreak prices. Some individual names, like Penn National (NASDAQ:PENN) trade leaps and bounds above where they were when the pandemic first hit the U.S. So, does that mean it's too late to profit from casino stocks? Not exactly. Though admittedly, after their blockbuster rebound in the second half of last year, additional moves higher may not be as significant. So, which casino stocks may be worth a look? Consider taking a gamble on these five major names: Bally's Corporation (NYSE:BALY) Caesars Entertainment (NASDAQ:CZR) Golden Nugget Online Gaming (NASDAQ:GNOG) MGM Resorts (NYSE:MGM) Penn National Gaming (NASDAQ:PENN) With the travel economy still waiting for mass vaccination to get 'back to normal,' there's some runway left for this still-challenged sector. Coupled with the growth opportunities in online gambling, and investors with a healthy risk appetite could still find opportunity in gaming stocks.