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chumba casino visa gift cardAs the coronavirus worsened, so did January gaming revenue in Macau. But if it does for MGM in February, the month could be rough for investors.“More specifically, looking back over the last decade, MGM stock averages a February loss of 1.2%, with only three out of 10 returns positive,” according to Schaeffer’s.The stock’s median February loss of 5.21 percent is the worst among S&P 500 members, and data out last week says options traders have been buying far more puts than calls on MGM equity, indicating they’re preparing for a pullback.As expected, the deadly coronavirus outbreak resulted in a brutal month for Macau operators, as January gross gaming revenue (GGR) on the peninsula plunged. coushatta casino resort events(Image: Bloomberg)As of 4:40 p.m. 22, some market observers speculated that if the issue was contained, gaming operators there would only experience a negligible impact. Paired with the stadium, many gaming analysts are bullish on 2020. wild joker casino lobby

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