MGM - Casinos bid down on anxiety over near-term traffic

Casino stocks are lower as more local governments set social gathering restrictions due to COVID-19 case growth, and in some cases, hospitalization rates due to the virus near capacity. More color on a realistic timeline for when a vaccine can be broadly distributed has also swept some of the enthusiasm over Pfizer's report earlier this week on a 90% efficacy rate for its candidate. Notable decliners include Golden Entertainment ([[GDEN]] -6.4%), Full House Resorts ([[FLL]] -7.6%), Wynn Resorts ([[WYNN]] -5.1%), Monarch Casino & Resort ([[MCRI]] -3.2%), Century Casinos ([[CNTY]] -4.2%), Red Rock Resorts ([[RRR]] -2.4%), Boyd Gaming ([[BYD]] -1.6%) and MGM Resorts ([[MGM]] -1.7%). Looking for casino stock that might hold up for the expected rocky road ahead? The casino stock with the highest Seeking Alpha Quant Rating is Penn National Gaming ([[PENN]] -0.3%).

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Casinos bid down on anxiety over near-term traffic