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black oak casino modesto caThe Summerlin estate owned by Steve Wynn is seen with the Las Vegas Strip in the background. 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. However, now the man worth an estimated .3 billion is seeking to permanently uproot his Sin City footing. paragon casino buffet(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. LVS’s Venetian Macau, seen above. While off the high of 1.67 percent touched last week, ten-year Treasury yields are up 22.68 percent over the past three months. gold coast casino chinese restaurant

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winstar world casino jobsBut 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.That 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. Bank of America believes the stock can rally as 10-year yields rise. Bank of America believes the stock can rally as 10-year yields rise. Bank of America believes the stock can rally as 10-year yields rise. Bank of America believes the stock can rally as 10-year yields rise. coushatta hotel and casino kinder la

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