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Benzinga
Benzinga
Business
Joel Elconin

PreMarket Prep Stock Of The Day: Wynn Resorts Investors Cut Their Losses After Q1 Miss

WYNN Wynn Resorts Nasdaq

The legalization of gambling in several states has not led to the boom in gaming and casino stocks that many were expecting over the long term.

In fact, the exact opposite has taken place for Penn National Gaming (NASDAQ:PENN) and DraftKings Inc. (NASDAQ:DKNG), with both having spectacular rallies that ended in 2021 and have come crashing down.

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