Casinos are bleeding money. Here’s who’s winning...

Is online gambling the wave of the future?

10/9/2020 Online Gambling: Does the House Always Win? ✔️ People love to gamble ... but times have changed. Is online gambling the wave of the future? ✔️ Some casinos have adapted to 'the new normal' ... others haven't. Here's how their stocks are faring. ✔️ Plus, is this how traders will win the election volatility game?     It was the best of times, it was the worst of times…   When the market collapsed in March of 2020, a lot of stocks tumbled. Some still haven't recovered.   The pandemic has caused a fundamental shift in American society — many businesses are struggling to survive. Some businesses are thriving, though. For example, the gambling industry has been soaring. But not everyone's acing it.    Here, we'll talk about who's killing it — and who's being killed. I'll share a tale of two casinos … one is attracting crowds and making impressive profits; the other is barely staying afloat. Plus, what's the next wave of online gambling? "How I Became a Multimillionaire At 22-yrs Old" When I was in my early 20's, I found something in the market. Then I found it again. And again, and again, and again.  After exploiting it over and over for weeks and months on end… it eventually led to a six-figure and then seven-figure income over my career. See how it works here Betting Big in 2020 Stay-at-home orders were put in place in March. Suddenly, millions of people found themselves trapped at home, without much to do.   Since they couldn't go out to eat or hang out in bars, people started looking for other forms of excitement.  Plus, most Americans received a $1,200 stimulus check. For some, this money went right toward household expenses. For others, it was 'free money' burning a hole in their pocket.    Suddenly, a lot of people became gamblers.   Some became wannabe stock traders. As I'm often saying, trading without a plan or understanding how the market works is pretty much gambling...   Others started straight-up gambling, placing bets online...   Smart investors and traders recognized the trend, and started buying stocks related to online gambling.   DraftKings Inc. (Nasdaq: DKNG) has been one of the hottest stocks to trade this year. It went from a low of $11 up as high as $65.   Can it continue to climb? Or, will there be a successor to the DKNG ascension?    No gambling stock is a sure bet. Let's compare a few others and see what separates the winners from the losers... Failure to Adapt Until pretty recently, people were regularly flocking to Las Vegas for conferences, impromptu weddings, and weekend getaways.   The casinos were making money hand over fist.   Then the pandemic came along, and everything changed. Casino revenues dropped at much as 95%!    Vegas has started to reopen ... but the crowds aren't coming. In-person gambling has failed to recover.    Case in point: Wynn Resorts, Limited (Nasdaq: WYNN) is a casino stock. In January, it was trading in the $150s. While the price is off its lows of $35, its recovery has stalled in the $70s.   Wynn Resorts hasn't moved online or taken meaningful steps to meet customers where they are. If the pandemic were to end tomorrow, they might start to recover — but right now, that seems unlikely.     Others have embraced 'the new normal' and have been faring far better... "This ISN'T the Trader You're Looking For…" There's a guy who's made about $3 million in 2020… He trades from his home in Arizona. And he's fairly secretive about his success. Maybe he's not the trader you've been looking for...  Maybe you haven't seen his name in the headlines… Buy maybe… just maybe… you should hear what he has to say. Click here to see his $3M trade-from-home secret The Adapter MGM Resorts International (NYSE: MGM) is a large casino operator. It had the same problem as Wynn Resorts when the pandemic struck.   However, they took a different approach. With their brick-and-mortar casinos bleeding cash, they adapted to the new reality.   In an effort to meet people where they are, they've moved significant portions of their operations online. It's paid off: the current share price is more than three times higher than the March lows. The trend appears to be continuing upward.     As long as people are unable and/or unwilling to meet en masse, physical casinos will continue to lose money. Online business is helping MGM survive ... This ability to adapt tells me that they could continue to grow post-pandemic.     Maintaining an online and IRL presence could give MGM a distinct advantage moving forward. Of course, if the pandemic drags on, I'll be primarily focusing on online-only operations... The Leaders DraftKings has long been a household name for fantasy football players ... the online platform seems practically tailor-made for COVID-19 life.    No big surprise: the stock has been surging ever-higher since it began trading in March.    They're not the only player. We can't talk about stocks, sports, and betting without mentioning Barstool Sports.   Dave Portnoy is the CEO and face of Barstool Sports. He's made quite a name for himself and his company during the pandemic thanks to his taking up day trading.   He's regularly featured on CNBC — he even met with President Donald Trump. He's far from a polished character ... but he's sure got a presence.    The adage that 'any publicity is good publicity' rings true in this situation. Penn National Gaming, Inc. (Nasdaq: PENN), which owns Barstool, currently trades over $70 — from a low of under $5 in March.   I know what you're wondering. Is it too late to buy? Don't Chase! Since the football season has begun, the prices of the DKNG and PENN are at all-time high premiums. It's easy to fall prey to FOMO...   But you've got to focus on stocks with good prices and solid risk and reward.   I've got holdings in a few stocks in this sector ... My lawyers won't let me tell you about them, but my students get the inside scoop on all my trades!    But I can tell you this: there are more players entering the arena. By Invitation ONLY: Millionaire Mentor & Trader Tim Sykes Wants To Know If YOU Have What It Takes To…  Introducing Tim Sykes First Ever 30 Day Trading Bootcamp! "See What It Takes To Go From Absolutely ZERO Trading Experience… To "Remote" Day Trader in 30 Days Or LESS!" - Tim Sykes Click here to start Tim's Brand New 30 Day Bootcamp Be Smart — Don't Gamble Maybe the pandemic is what got you interested in the market. You're not alone. More people have started trading during the pandemic than at any time in history.   Most new traders are learning that trading isn't as easy as it looks.   In the stock market, 90% of traders lose. Those are terrible odds. If you're here to gamble, you're better off going to the casino or betting on horses.   I started trading decades ago ... and I've earned $5 million in profits.*   But there's a big difference between me and your run-of-the-mill gambler. I've got a proven system that helps me keep my losses smaller than my wins. Place Your Bets The online gambling surge has made a lot of money for entities handling the bets. It's also proven beneficial for traders who were prepared and saw this trend coming.     The effects of the pandemic are far from over ... there's still potential for more big winners.   If you do decide to trade, trade smart. Don't come at this as a gambler ... come in like the casino.   Winner takes it all,   Paul Scolardi Editor, Swing Trade Millionaires P.S. Tim Sykes is a legendary trader and trading mentor… He's been making millions using penny stocks over 20 years… And teaching students how to follow in his footsteps. And he didn't start out with a huge account… A special degree… Or a mentor... He just found a simple technique that nobody else saw... And he's making millions with it. Now… He wants to show YOU that very technique. Don't make another trade until you watch this video Click Here to Unsubscribe Paul Scolardi teaches skills others have used to make money. Any results displayed are extraordinary and are not typical and will vary from person to person. Most who receive free or paid content will make little or no money. Most traders lose money. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services. 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