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Casino stocks, among the hardest hit early in the coronavirus pandemic, have bounced hard off their lows. Published Tue, Jun 2 AM EDT Gaming revenue in the gambling destination Macau plummeted % in May. Stocks.


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Macau casino properties in particular have recovered quickly from previous Buy” Penny Stocks With Massive Upside Potential Apr 29,


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COVID is a big gamble for casino stocks. When the coronavirus outbreak first started in China, Macau (China's Vegas) gaming operations came to a halt. LVS stock has essentially halved since the start of


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COVID is a big gamble for casino stocks. When the coronavirus outbreak first started in China, Macau (China's Vegas) gaming operations came to a halt. LVS stock has essentially halved since the start of


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Macau casino properties in particular have recovered quickly from previous Buy” Penny Stocks With Massive Upside Potential Apr 29,


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Macau, rose %. MGM Resorts International stock (MGM) rose %. Even with that bump, Las Vegas Sands stock was down 33% in


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(Note: Macau's Mass Baccarat business has been growing at an annual rate of 20% despite the overall contraction of Macau Gaming Market.) At.


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COVID is a big gamble for casino stocks. When the coronavirus outbreak first started in China, Macau (China's Vegas) gaming operations came to a halt. LVS stock has essentially halved since the start of


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China's relatively quick reaction to COVID could end up helping ease the economic impact on the virus there. Even if Macao's casino revenue drops significantly, resorts would likely still generate positive cash flow. Related Articles.{/INSERTKEYS}{/PARAGRAPH} Image source: Getty Images. Getting Started. Industries to Invest In. Personal Finance. The result was an That sounds terrible, but there are at least some preliminary signs that travelers are starting to return in China. However, the casino shutdown is already over halfway around the world in Macao, and that could help some of the companies with operations in both Macao and Las Vegas weather the storm. That's because a resort's most expensive outlay is building the property itself. The economy could be headed into a recession, which will result in less spending from both consumers and businesses. Mar 24, at AM. The Ascent. Fool Podcasts. And that would be great news for casino stocks. Follow TravisHoium. Stock Market Basics. In the U. Stock Advisor launched in February of Join Stock Advisor. Author Bio Travis Hoium has been writing for fool. Planning for Retirement. About Us. The best proxy we have is between and , when gambling revenue fell And that could help keep resorts in Las Vegas afloat until they become cash flow positive again. Search Search:. And it's possible Las Vegas could be just a few months behind. Retired: What Now? Once the real estate is built, fixed costs can be minimized to a certain extent. {PARAGRAPH}{INSERTKEYS}Most U. Investing Best Accounts. Who Is the Motley Fool? We Are Motley. Stock Market. New Ventures. If China, and Macao, can get the COVID outbreak under control, it could lead to a return to a more normal local business flow in the coming months.