If Macao returns to pre-pandemic revenue levels, casino stocks will be making money like crazy.
Earnings from Wynn Resorts (WYNN -1.42%) showed that Las Vegas is still healthy, but the real growth is coming from Macao. The region was impacted by China's zero-COVID policy for three years, but it's opening up, and that may mean a bonanza for casino stocks. Travis Hoium highlights the recent news in this video.
*Stock prices used were end-of-day prices of May 10, 2023. The video was published on May 12, 2023.
Travis Hoium has positions in MGM Resorts International and Wynn Resorts. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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