💰 Why U.S. Casino Stocks Plunged by Double Digits on Wednesday | The Motley Fool

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CNBC Newsletters. Sign up for free newsletters and get more CNBC delivered to your inbox. MKM Partners says one major tailwind could give a big boost. Data also provided by. Keris Lahiff. Their recovery is not over yet, says Ari Wald, head of technical analysis at Oppenheimer. Yes, they overshot to the downside, getting some relief to the upside, but there's some longer-term concerns.

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Gaming revenue in the gambling destination Macau plummeted Stocks rose, however, as traders looked beyond the drop to signs of recovery. June jobs report beats expectations—Five experts on what it means for the economic recovery. It's the largest operator in Macau, and the difference between Macau and Las Vegas is the money in Macau is really made much more from gaming rather than entertainment," Schlossberg said during the same segment. LVS dominates. All Rights Reserved. Markets Pre-Markets U. Zoom In Icon Arrows pointing outwards. Skip Navigation. Related Tags. Get this delivered to your inbox, and more info about our products and services. Read More. Investors pivot to conscious investing in How markets are adapting. Still, Wald cautions that he is not ready to back the casino stocks over the long term. We want to hear from you. We think instead the premium is going to be on high-growth companies in this low-yielding recovery.