Seeking Alpha

Regional casinos suffer a tough month

  • 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.
  • Related stocks: DDE, NYNY, MNTG, ISLE, BYD, PENN, PNK, MCRI, CNTY.
Comments (4)
  • Gary Jakacky
    , contributor
    Comments (2443) | Send Message
     
    Why go to a casino when you can play the stock market? The stock market is a casino: and you are the house, if ya invest long term.
    16 Jan, 01:37 PM Reply Like
  • badsangria
    , contributor
    Comments (129) | Send Message
     
    Why not do both; I've placed trades from the casino floor. It's a killer rush...
    16 Jan, 08:52 PM Reply Like
  • Westpark
    , contributor
    Comments (13) | Send Message
     
    Two out of four PNK casinos located in Louisiana were actually up y/y in December, including the company's two largest locations which were up 5.1% and 8.3%, respectively.
    16 Jan, 02:05 PM Reply Like
  • NYKnifeDealer
    , contributor
    Comments (2) | Send Message
     
    Two gambling related concerns that demand a second look, for different reasons: NYNY & CHDN.
    17 Jan, 08:34 AM Reply Like
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