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Wynns Been a Losing Bet, but These Casino Stocks Could Be Ready to Roll

Wynn’s Been a Losing Bet, but These Casino Stocks Could Be Ready to Roll It yields 7.2% and looks appealing for its organic growth and acquisitions, McKnight writes. VICI is a real estate spin-off that emerged from the bankruptcy of Caesars Entertainment (CZR). It owns the real estate of 18 of Caesars’ regional assets and three Vegas properties, along with one of Penn National Gaming’s (PENN) assets. Cash flow are secure, McKnight writes, at 3.5 times rental coverage. He sees 8.1% growth in adjusted funds from operations to 2021. The shares trade at 13 times 2019 AFFO, in line with peers such as MGM Growth Properties (MGP).

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