Wanna Bet? WYNN, MGM. LVS: Outlook & Earnings Preview

The Macau concession fear is now in the rear-view mirror, says Chay Beynon. He discusses the 2023 outlook for casino stocks, highlighting Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN), and Penn Entertainment (PENN). He also talks about how trends are continuing to improve on the sports betting side with names like DraftKings (DKNG) being part of this big reversion on the high beta, low profitability. He then goes over how WYNN and MGM earnings are to be reported Wednesday, February 8th, postmarket. He also mentions that Macquarie has a $52 price target for MGM and an outperform rating for MGM, CZR, PENN, DKNG, BALY, VICI, GDEN, and CNTY. Tune in to find out more about the stock market today.