While many casino and hotel operators saw gains Tuesday, online sports betting and iGaming continue to struggle.
With global investors fearing a recession on Monday, U.S. gaming industry leaders were caught up in the drastic downturn, some seeing 52-week market lows. Casino and hotel operator Caesars Entertainment suffered a 6.7% drop in shares on Monday, one of the biggest declines in the market, but rebounded with a stock price of $34.57 per share, up 4.1% on Tuesday.
Wynn Resorts rose 3.7% to reach $76.29 on Tuesday while Penn Entertainment was up 2.9% at the market’s close. After being down 2% after Monday, Boyd Gaming rebounded 1.5%.undergoing business changes
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