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Melco Resorts & Entertainment Limited (NASDAQ:MLCO) rose 5.97% in early trading on Wednesday, while Las Vegas Sands (NYSE:LVS) gained 2.33% and Wynn Resorts (NASDAQ:WYNN) was 1.88% higher. The three casino stocks are on their way to a third straight up day.
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Of fourth quarter, Nicole Ovadia, VP Forecasting & Analysis, BIA Advisory Services says, ¡°It¡¯s a very busy time for sports betting and, therefore, we expect to see a spike in ad spending by the major players in this space as they are vying for customers ¨C especially in the markets where sports betting is new.¡± John Casillo, an analyst at TVREV adds, ¡°Sports betting is seasonally-focused, with a specific emphasis on the fall and winter for the NFL.¡±




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