RBC Defends Casino Stocks: Starts LVS, WYNN, MPEL at Outperform, MGM, BYD at Sector Perform, CZR at Underperform

An analyst at RBC Capital initiated coverage on US Casino & Gaming stocks Tuesday morning, saying the recent decline in these names provides a buying opportunity for the favorites. The Market Vectors Gaming ETF (NYSE: BJK) has fallen 16 percent since the beginning of May.

Outperform:

• Las Vegas Sands (NYSE: LVS)
  
• Wynn (Nasdaq: WYNN)
  
• Penn National (Nasdaq: PENN)
  
• Melco Crown Entertainment (Nasdaq: MPEL)
  
• Ameristar (Nasdaq: ASCA)
  
• Isle of Capri Casinos (Nasdaq: ISLE)

Sector Perform:

• MGM (NYSE: MGM)
  
• Boyd Gaming (NYSE: BYD)
  
• Pinnacle Entertainment (NYSE: PNK)

Underperform:

• Caesars Entertainment (Nasdaq: CZR)

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