2 Casino Stocks with Critical Voting Today

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

The battle continues between Penn National Gaming (NASDAQ:PENN) and MGM Resorts International (NYSE:MGM) over expanded gambling in Maryland.

Earlier this year, the Maryland General Assembly passed legislation that could allow a new casino to be constructed in Prince George’s County. This would also be expanded into table games such as black jack and roulette.

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

So what’s the big deal? Penn National Gaming is opposed to the measure, also called Question 7, as it might suffer financial losses if MGM were to expand its territory in the region. MGM plans to open a new casino at National Harbor if voters support the legislation.

Both parties have to wait as voters cast their ballots on Tuesday. Both casinos have spent more than $87 million in an attempt to convince them.

Don’t Miss: Is Netflix Losing Its Edge?

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business