Casinos should have a huge year in 2021, Jim Cramer says

Casinos should have a huge year in 2021, Jim Cramer says

Casino stocks are rallying as investors anticipate a rebound in travel and less rocky trade relations between the U.S. and China in the upcoming year, CNBC's Jim Cramer said.The U.S. earlier Monday began inoculating citizens with a Covid-19 vaccine authorized by federal regulators for emergency use, which officials hope will help the country reopen the economy."Once enough people are vaccinated … the economy goes back to normal, travel resumes and people start gambling in person again," the "Mad Money" host said. "That's why the casinos should have a huge year in 2021."Such was the case for Las Vegas Sands, the Las Vegas-based casino operator that lost 76% of business through the first nine months of 2020. The company, which properties include The Venetian Resort and Sands Expo in Las Vegas and the iconic Marina Bay Sands in Singapore, relies heavily on travel and tourism spending.Revenues at Wynn Resorts were also down more than 70%, while MGM Resorts lost 62% of revenues through September of this year. Despite these tough numbers and Covid-19 cases rising exponentially in the U.S., forward-looking investors have carried their shares nearly 30% higher in the past three months."They had absolutely terrible numbers lately, which means they'll