Why Casino Stocks Soared This Week to Beat Out the Stock Market

Why Casino Stocks Soared This Week to Beat Out the Stock Market

What happened Shares of both Las Vegas Sands (LVS 15.06%) and Wynn Resorts (WYNN 13.17%) finished the week in the black, according to data from S&P Global Market Intelligence, while Caesars Entertainment (CZR 10.36%) erased most of a large deficit after Shanghai officials announced they will end weeks of strict lockdowns and attempt to reopen again in a few days. Sands ended the week up 1.1% from where it closed last Friday after having been down 12% going into the last day of trading, while Wynn was essentially flat after having been down by a like percentage. Although Caesars still ended the week off 8%, it had been down as much as 19% during the week, so it made up almost as much ground as its peers. So what China …
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