The gambling industry is facing an uncertain future as states and countries reopen and coronavirus cases rise in the U.S. and abroad. Reopening resorts and casinos may sound like good news, but it’s unlikely gamblers will travel to major resorts in droves while the virus is still a big threat.
Given this backdrop, a few companies will provide some important insights over the next few weeks. Here are the stocks I’m watching in July to give us a glimpse of the gambling industry’s future.
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Wynn Resorts
Macau was the biggest gambling market in the world by a wide margin before COVID-19 hit, but it’s seen gambling revenue decline over 93% year over year each of the last three months. June was especially bad, …
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