paragon casino resort zoominfoThat’s prompting investors to consider assets that perform well against the backdrop of rising rates. Steve Wynn hasn’t been involved in the US gaming industry for more than three years. Steve Wynn hasn’t been involved in the US gaming industry for more than three years. palace station casino bingoWhile off the high of 1.67 percent touched last week, ten-year Treasury yields are up 22.68 percent over the past three months. But the broader market isn’t being hampered by that scenario this year.As higher readings of the Consumer Price Index (CPI) pertain to gaming equities, including LVS, conventional wisdom is that consumer discretionary — the sector where casino stocks reside — is among the groups most vulnerable to soaring inflation.As the script goes, higher energy costs and reduced purchasing power due to higher prices in general eat away at nonessential consumer spending,” according to Charles Schwab research.Sands might be able to contend with persistent inflation for a simple reason: The CPI is a domestic gauge and the company currently has no operations in the US.monthly changes in the nominal 10-year yields, including only those stocks with beta (slope) that is statistically significant at the 5 percent level, and who have at least 10 years of monthly returns,” according to the bank.LVS stock, which is rated “neutral” by Bank of America, has a nominal interest rate beta of 14.2, good for the fifth spot on the list. fanduel casino illinois

free slots slots

live casino videosBut market observers and the operators themselves appear comfortable saying licenses will be renewed.The prevailing wisdom among many in the investment community is that Macau’s gaming industry, while the largest in the world, is of little consequence in the broader scheme of hostilities between the world’s two largest economies. (Image: Berkshire Hathaway HomeServices)The former Strip tycoon departed his namesake casino firm in 2018. Las Vegas Sands (NYSE:LVS) stock fits the bill. mountaineer casino horse racingSteve Wynn hasn’t been involved in the US gaming industry for more than three years. That makes it vulnerable to recent speculation that authorities there are looking to implement tighter controls over the casino industry.Shares of US-based Macau operators, including Sands, have also been hampered by speculation that those companies could be ensnared in the geopolitical tensions between the US and China. (Image: Berkshire Hathaway HomeServices)The former Strip tycoon departed his namesake casino firm in 2018. the hard rock lake tahoe

peppermill casino owner

poker rivers casino(Image: Joe Cavaretta/AP)The gaming equity’s penchant for sturdiness as 10-year yields rise is worth remembering, because Bank of America strategists are forecasting a jump to two percent for those bond yields by the end of 2022. That makes it vulnerable to recent speculation that authorities there are looking to implement tighter controls over the casino industry.Shares of US-based Macau operators, including Sands, have also been hampered by speculation that those companies could be ensnared in the geopolitical tensions between the US and China. But his surname will likely forever be synonymous with Las Vegas. (Image: Joe Cavaretta/AP)The gaming equity’s penchant for sturdiness as 10-year yields rise is worth remembering, because Bank of America strategists are forecasting a jump to two percent for those bond yields by the end of 2022. The now 79-year-old has largely led a private life since, but the billionaire is seeking to unload some of his real estate assets.Wynn hasn’t been nearly as succeThat prompted some analysts to say management should unleash a big buyback program to restore shareholder confidence and show investors the stock is undervalued.Inflation Might Not Be a ProblemThe combination of hot inflation and rising interest rates is often toxic for equities. desert diamond casino west valley restaurants