Legacy casino brand MGM is growing its online gambling business after Covid-19 shuttered casinos.
MGM Resorts (MGM) closed the most recent trading day at $21.38, moving -1.11% from the previous trading session.
Casino stocks were among the hardest hit when COVID-19 hit the U.S., and there hasn't been the same swift recovery we've seen in other sectors. Resorts in Las Vegas and across the country can still rely on gamblers coming in to play a few hands of blackjack or sit at a slot machine for revenue. When it does, MGM Resorts (NYSE: MGM), Wynn Resorts (NASDAQ: WYNN), Las Vegas Sands (NYSE: LVS), and Caesars Entertainment (NASDAQ: CZR) could crush the market.