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IBET - Wynn: At $65 Something's Got To Give Maybe A Longshot Bet On China Reopening
iBET Sports Betting and Gaming ETF
Wynn shares have been deadpooled by the mammoth China Covid-19 headwind policy. If you are willing to bet, Wynn's a favorite.
The company's Las Vegas results for 1Q22 show how quickly a recovering market can respond to properties with brand power.
Faint whispers about possible easing of China travel bans, if they happen, could move Wynn shares high and fast. It's at a ~60% discount from its 2019 high of $138.