Gaming Stocks Mixedly Reacted to New Covid-19 Vaccine

After Pfizer's announcement of a completely new Covid-19 vaccine, most stocks operators of the gambling sector began to show rapid changes. This affected both the land-based and online sectors.

In particular, the online sector reacted with a sharp drop in stock prices. London-based Gamesys Group, for example, which closed on Friday at £12 a share, lost nearly 10% of its value on Monday. And already this morning lost another 3%. Now one share of the operator costs 10.54 pounds.

The land-based sector of gambling, on the contrary, recorded an increase in quotes. Caesars Entertainment added almost 10%, MGM Resorts International rose 14.94%, Las Vegas Sands 9.23%, and operator Wynn Resorts posted the largest increase. The value of one share of the brand increased by 27.69%.

Sources say that investors reacted positively to the news of the successful trial of a new vaccine, so they are ready to reconsider the risks and carefully invest in the development of a large gambling business.

Recall that MGM Resorts' losses amounted to almost $500 million

Richard "Bose" Bosworth is the main partner and CEO of the young company JC Hospitality, LLC ...
Position: Author of analytical materials Higher education Age: 24 years old Experience: more than 5 years Brief biography: Born on March 24, 1997 in the city of Volkhov, Leningrad Region. In 2015, he successfully graduated from secondary school, after which he entered the Faculty of Mechanics and Mathematics...
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