GMA quoted in CDC Gaming Reports
Casino stocks hit by news of new COVID variant; observers say wait and see on an industry that’s proven to be resilient
by Buck Wargo
The Dow posted its worst drop of 2021 with casino stocks taking a hit Friday as investors feared a new COVID strain will hamper travel, gaming, and the broader economy.
But those who monitor gaming are less concerned about any fallout in the U.S., believing it would take much more dire news to have an impact on an industry that’s been resilient with strong revenues during the pandemic. Instead, they said its best to take a wait-and-see approach to the impact.
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