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Why U.S. Casino Stocks Plunged by Double Digits on Wednesday

Travis Hoium, The Motley Fool
·3-min read
Why U.S. Casino Stocks Plunged by Double Digits on Wednesday

Shares of U.S. casino stocks took a nosedive on Wednesday as investors became more bearish on the gambling market's recovery. Shares of Eldorado Resorts (NASDAQ: ERI) dropped as much as 15.9%, Red Rock Resorts (NASDAQ: RRR) fell up to 15%, and Boyd Gaming (NYSE: BYD) fell as much as 10%. The two other big casino operators, MGM Resorts International (NYSE: MGM) and Caesars Entertainment (NASDAQ: CZR), were being supported today for other reasons.

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