Long term investors, too, found themselves at the short end of the stick, with Las Vegas Sands and Caesars Entertainment suffering over 50% erosion in stock value since the chaos began. Other gambling companies have fared no better, with reports of MGM Resorts and Boyd Gaming reportedly losing millions of dollars per day. In fact, the contagion has had a devastating effect on the casino stocks with Lady Luck eluding them like never before. Is Penn National Gaming Stock A Buy? Because of the Covid-19 pandemic, gambling companies like Penn Gaming have been hemorrhaging cash at an unprecedented rate, instead of raking in the green stuff.
