\nConsequently, the industry underperformed the S&P 500 for the second straight week. The industry has declined 1.9 percent compared with the S&P 500’s 0.5 percent decrease,” the note concluded.<\/p>\n<\/blockquote>\n
The Vectors Gaming ETF \u2013 an exchange-traded fund consisting of 43 gaming industry stocks \u2013 has gone from $39.96 a month ago to $35 this week, a 12.4 percent decrease. Sands accounts for nearly 16 percent of the fund’s assets.<\/p>\n
Trade Tensions<\/b><\/h2>\n As of May 10, President Donald Trump elevated tariffs to the tune of $200 billion on various Chinese goods. The tax increased the toll from 10 percent to 25 percent.<\/p>\n
In response, China said it will be raising tariffs on American goods effective June 1. The upsurge will increase product costs by $60 billion.<\/p>\n
Trump tweeted recently, “When the time is right we will make a deal with China. My respect and friendship with President Xi is unlimited, but as I have told him many times before, this must be a great deal for the United States or it just doesn’t make any sense.”<\/p>\n
He added last week, “The real trade war began 30 years ago, and we lost. This is a bright new Age, the Age of Enlightenment. We don’t lose anymore!”<\/p>\n
In the interim, however, investors in certain gaming industry stocks are indeed losing.<\/p>\n
\n
30-Day Stock Performances<\/strong><\/p>\nLas Vegas Sands \u2013 Down 16 percent<\/p>\n
MGM Resorts \u2013 Down 11 percent<\/p>\n
Wynn Resorts \u2013 Down 22 percent<\/p>\n<\/div>\n
It’s not only the US gaming operators invested in China that are bleeding cash. Caesars Entertainment is down six percent, Melco Resorts down 20 percent, and Galaxy Entertainment 21 percent.<\/p>\n
Half-Year Performances<\/b><\/h2>\n Investors buying gaming industry stocks primarily focused on the US are also experiencing turmoil.<\/p>\n
Penn National \u2013 one of the largest regional casino operators \u2013 has decreased in value around five percent over the last 30 days. Boyd Gaming has lost more than 13 percent.<\/strong><\/p>\nHowever, over the last six months, many gaming operators have fared just fine. Wynn is up 7.1 percent, Caesars 4.1 percent, Melco 15 percent, and Sands 8.3 percent.<\/p>\n
Only MGM (-5.6 percent)<\/a> and Penn (-5.7 percent) have lost share value during the half-year period.<\/p>\n","protected":false},"excerpt":{"rendered":"The ongoing trade war between the United States and China continues to hurt gaming industry stocks, especially those companies invested in Macau. Las Vegas Sands, Wynn Resorts, and MGM Resorts are the three US-based casino operators that have properties in Macau, the world’s richest gambling hub that is a Special Administrative Region in China. Melco […]<\/p>\n","protected":false},"author":25,"featured_media":105898,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
US-China Trade War Continues Punishing Gaming Industry Stocks<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n