Casino stocks break higher

|About: Wynn Resorts, Limited (WYNN)|By:, SA News Editor

The casino sector is having a strong day with Wynn Resorts (NASDAQ:WYNN) +5.1%, MGM Resorts (NYSE:MGM) +5.0%, Melco Resorts & Entertainment (NASDAQ:MLCO) +4.5%, Las Vegas Sands (NYSE:LVS) +3.5%, Golden Entertainment (NASDAQ:GDEN) +3.2% and Caesars Entertainment (NASDAQ:CZR) +2.7% topping the list of gainers.

Underpinning the buying action, Deutsche Bank raised its recommendation on the Macau sector to Neutral from Underweight and the Eldorado-Caesars deal talks have raised the M&A profile of U.S. players.

The VanEck Vectors Gaming ETF (NYSEARCA:BJK) is up 2.22% on the day.

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