Casino Sector follows MGM Higher


1) A strong earning reports by the MGM resorts is helping to provide a lift to both the Macau Casino resort and U.S. Regionals.

2) Two Notable items from the MGM resort were the 39% Jump in Q3 operating income for MGM China and the incremental boosts that sports betting is providing to land casinos as it legalized on a state by state basis.

3) Profitable gainers include are: Studio City (+6.6%), Empire Resorts (+4.9%), Boyd Gaming (+4.6%), Eldorado Resorts (+4.3%), Penn National Gaming (+3.3%) and Wynn Resorts (+3.1%).