Gaming stocks up after vaccine news

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The stock values of many gaming companies rose yesterday after Pfizer said early data show its coronavirus vaccine to be effective.

Caesars Entertainment was up almost 10 per cent, MGM Resorts International up 14.94 per cent, Las Vegas Sands 9.23 per cent, Wynn Resorts 27.69 per cent, Red Rock Resorts 3.3 per cent, Century Casinos 8.97 per cent and Boyd Gaming 2.59 per cent. IGT closed up 12.89 per cent and AGS 22.22 per cent. 

Economic recovery globally depends on combatting Covid-19, so investors were positive after the vaccine news. Pfizer’s is at this stage only preliminary and does not mean a vaccine is imminent, but it’s a big step in the right direction.

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