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Gambling ETF Hits the Jackpot with Wynn Resorts


February 5, 2021
Gambling industry-related exchange traded funds were in the black Friday after Wynn Resorts (NasdaqGS: WYNN) hit the jackpot on growing bets that the vaccine rollout will help brings things back to normal.
Among the best performing non-leveraged ETFs of Friday, the
Meanwhile, Wynn Resorts shares jumped 7.7% on Friday. WYNN makes up 3.0% of BJK’s underlying holdings.
“We are encouraged by the progress we have made at each of our properties over the past several months, as we continue along the road to recovery from the pandemic,” Matt Maddox, CEO of Wynn Resorts, Limited, said in a press release. “In Macau, the gradual and thoughtful easing of visitation restrictions allowed us to return to Adjusted Property EBITDA profitability in the fourth quarter, with particular strength in our premium mass business. In the US, our operations at both Wynn Las Vegas and Encore Boston Harbor were resilient as we continue to deliver our industry-leading ....

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