formally in a recession<\/a> after posting its second consecutive quarter of gross domestic product decline. That doesn’t bode well for the six casino operators that do business in the world’s richest gaming market.<\/p>\nBack home, US gaming industry stocks are also being rattled by the global uncertainty. The largest casino operators and gaming manufacturers all saw substantial declines to close out the week.<\/p>\n
Friday Percentage Losses:<\/strong><\/p>\n\n- Sands \u2013 2.39<\/li>\n
- MGM \u2013 2.56<\/li>\n
- Wynn \u2013 4.36<\/li>\n
- Caesars \u2013 2.25<\/li>\n
- Penn \u2013 2.44<\/li>\n
- Boyd \u2013 3.57<\/li>\n
- Eldorado \u2013 5.39<\/li>\n
- Red Rock \u2013 2.74<\/li>\n
- Scientific \u2013 3.52<\/li>\n
- IGT \u2013 4.39<\/li>\n<\/ul>\n
The VanEck Vectors Gaming exchange-traded fund \u2013 which currently has 44 holdings of gaming industry stocks \u2013 is still up in 2019. The ETF has gone from $33.03 on January 1, to a close of $34.47 Friday afternoon, a 4.36 percent gain.<\/p>\n
Galaxy Entertainment and Sands account for 16.5 percent of the fund’s assets.<\/p>\n","protected":false},"excerpt":{"rendered":"
US stock markets crashed on Friday after President Donald Trump ordered companies to find alternatives to doing business with China during the ongoing trade war between the two countries. The Dow Jones Industrial Average fell more than 688 points (2.62 percent), while the NASDAQ lost 2.89 percent and S&P 500 2.53 percent. Trump took to […]<\/p>\n","protected":false},"author":25,"featured_media":113022,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[],"acf":[],"yoast_head":"\n
US Stock Markets Crash, Bettors Put Money Behind Recession<\/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