When the “staycations” caused by the COVID-19 outbreak give way to greater vaccination rates and the resumption of vacation planning, the U.S. Travel Association has projected a 22.5% spike in travel spending compared to last year, and an additional 15.7% jump in 2022. Wynn Resorts a Las Vegas landmark, saw its stock price drop from its which was before high of around $140 a share to a low of around $60 last year as the casino industry as a whole was hammered hard by the epidemic.
Roundhill ETF for Sports Betting and Online Gambling
This fund from niche asset management Roundhill Investments includes 40 of the most prominent names in both brick-and-mortar casinos and digital gaming networks. It makes one of the largest exchange-traded funds (ETFs) focused on gambling.
The iShares MSCI Hong Kong Exchange Traded Fund
This Hong Kong ETF is not the most straightforward approach to gain exposure to gaming and a spike in private consumption in the midst of the COVID-19 outbreak. However, it does provide some of the benefits of both. Macau, a unique beach resort in China located only 40 miles from the mainland of Hong Kong. It has been called by a few as the L.A. of the region. Its potential for expansion is well known among foreign investors.