🎰 Casino stocks rally after Las Vegas Sands predicts quick gambling rebound in Asia - MarketWatch

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The VanEck Vectors Gaming ETF, which is currently compromised of 43 casino stocks, has dropped from $ a month ago, to $ at the.


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Casino stocks rally after Las Vegas Sands Corp. executives discuss the rebound in revenue among the company's properties across Asia.


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Read More. Market Data Terms of Use and Disclaimers.{/INSERTKEYS}{/PARAGRAPH} Their recovery is not over yet, says Ari Wald, head of technical analysis at Oppenheimer. {PARAGRAPH}{INSERTKEYS}Casino stocks, among the hardest hit early in the coronavirus pandemic,- have bounced hard off their lows. Related Tags. Get this delivered to your inbox, and more info about our products and services. Markets Pre-Markets U. Skip Navigation. Still, Wald cautions that he is not ready to back the casino stocks over the long term. Here's one way to ride the rally. We want to hear from you. Zoom In Icon Arrows pointing outwards. CNBC Newsletters. Sign up for free newsletters and get more CNBC delivered to your inbox. Data also provided by. Gaming revenue in the gambling destination Macau plummeted Stocks rose, however, as traders looked beyond the drop to signs of 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. We think instead the premium is going to be on high-growth companies in this low-yielding recovery. Yes, they overshot to the downside, getting some relief to the upside, but there's some longer-term concerns. All Rights Reserved. News Tips Got a confidential news tip? Get In Touch. VIDEO Trading Nation: Casino stocks rally, here's how to place your bets. Keris Lahiff. Buy Disney shares with 'both hands' if they reach this key level, Miller Tabak says. LVS dominates.