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Why U.S. Casino Stocks Plunged by Double Digits on Wednesday

Shares of U.S. casino stocks took a nosedive on Wednesday as investors became more bearish on the gambling market's recovery. Shares of Eldorado Resorts (NASDAQ:ERI) dropped as much as 15.9%, Red Rock Resorts (NASDAQ:RRR) fell up to 15%, and Boyd Gaming (NYSE:BYD) fell as much as 10%. Shares of the three stocks were down 12.5%, 13.2%, and 7.8%, respectively, at the close.

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