Mark Tepper, CEO of Strategic Wealth Partners, told CNBC s Trading Nation on Monday that Las Vegas is gearing up for visitors. Airline tickets from Cleveland to Vegas have quadrupled over the last few months. My boots-on-the-ground research informs me that the pool party staff at the hotels have been rehired. They re getting ready for an influx of people right now, said Tepper.
Tepper agrees with Morgan Stanley that one of the Vegas Strip casinos looks to be the best bet on the recovery: MGM Resorts. You ve got a great sports club exposure, you ve got fantastic properties that focus on the non-high roller gambler. . You ve got pricing power coming back, and you ve got an absolute ton of pent-up demand for people to vacation, socialize and just have fun, said Tepper.
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