Casino sector: Gabelli places bets, ETF lags due to Macau

• Gabelli takes a positive stance on a number of gaming stocks.
• Churchill Downs (CHDN -0.2%), Boyd Gaming (BYD +1.8%), Isle of Capri (ISLE +5.2%), and MGM Resorts (MGM +0.3%) are all started off with Buy ratings.
• Churchill, Boyd, and MGM are all listed as holdings of the Market Vectors Gaming ETF (NYSEARCA:BJK).
• The casino-focused ETF has trailed the return of the S&P 500 this year due its heavy weighting in gaming companies with operations in Macau.