Why Las Vegas Casino Stocks Are Losing Steam
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The pandemic boost is ending in Las Vegas.
Las Vegas came out of the pandemic like a rocket, reporting record gambling revenue in 2022. But revenue is slowing, and Caesars Entertainment(CZR 0.82%) is feeling the pinch.
*Stock prices used were end-of-day prices of Aug. 1, 2023. The video was published on Aug. 2, 2023.
Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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