Carolina Panthers’ Owner Invested in Las Vegas Sands and Wynn Resorts

Author: Live Casino Direct
 
Carolina Panthers’ Owner Invested in Las Vegas Sands and Wynn Resorts
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David Tepper, owner of the Carolina Panthers, expanded the equity portfolio of Appaloosa Management. He bought 525,000 Las Vegas Sands shares and 225,00 Wynn Resorts shares. Teppers' investment depends on the recovery of Macau gambling market. The gambling sector in the region is struggling with the effects of COVID-19 pandemic.

Tepper chose to trust Sands and Wynn instead of Caesars Entertainment. Appaloosa Management has invested in gambling companies before. The two gambling firms recently made investments of their own. The sports and gambling industries have grown closer since the lifting of the sports betting ban.