Gaming industry stocks recouped some of their losses Tuesday as the markets recovered from their worst performance in two years 24 hours earlier.
Caesars Entertainment, which had the largest percentage decline in the gaming sector Monday, regained more than 4 percent of its value Tuesday, closing at $34.57 on the Nasdaq.
Red Rock Resorts, which saw a 3.7 percent decline Monday, saw its stock price jump 6 percent on the Nasdaq to close at $52.66, the largest percentage increase of any gaming company.
Red Rock, in filings made late Monday with the Securities and Exchange Commission, said its controlling shareholders, CEO Frank Fertitta III and vice chairman Lorenzo Fertitta, bought back a combined 200,000 shares of the company’s stock over two days last week, spending a combined $10.6 million.
