Regional gaming stocks are getting beat up as a slew of states report underwhelming revenue totals for December.
Though the winter weather was expected to take a toll, some of the numbers are worse than anticipated. Casino sales in snow-free Los Angeles slipped 5%, while sales at Lousiana-region complexes were off 9%. Even tribal casinos had a tough month, with slot revenue down 11% Y/Y.
The Markets Vectors Gaming ETF (BJK) is holding up with its portfolio heavily skewed toward Las Vegas and Asian casino giants.