Wynn Allegations Drag Down Gaming ETFs

WYNN shares plunged 8.7% Monday after plummeting 10.1% in the previous session.

The VanEck Vectors Gaming ETF is the sole ETF focused on companies invovled in casinos and casino hotels, sports betting, lottery services, gaming services, gaming technology and gaming equipment, which include WYNN at 5% and other top holdings include Galaxy Entertainment Group 8.6%, Las Vegas Sands 7.7% and Sands China 7.2%. BJK was down 0.3% Monday.

The PowerShares Dynamic Leisure and Entertainment Portfolio (NYSEArca: PEJ) is another fund that holds a significant tilt toward WYNN at 5.2%. Other top holdings include Marriott 5.3%, Hilton 5.3% and Las Vegas Sands 5.1%. PEJ was flat Monday.

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