SA News • Thu, Nov. 20
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Thu, Nov. 20, 8:38 AM
- Shares of Boyd Gaming (NYSE:BYD) move higher in premarket trading after Caesars Entertainment (NASDAQ:CZR) reportedly sets the wheels in motion to launch a REIT out its largest unit.
- REIT chatter has lifted some casino stocks in the past, although skeptics warn the tangled structure of Caesars isn't something for a buy-and-hold investor to bet on.
- Premarket: BYD +1.2%, CZR +18.2%
- Related stocks: ISLE, FLL, MCRI, PNK, UWN, CNTY.
- Related ETFs: BJK.
Mon, Sep. 15, 4:20 PM
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Apr. 4, 2013, 8:58 AMGaming companies in Nevada are asking the state legislature to restrict the growth of strip mall slot machine parlors and sports betting kiosks as the proliferation of smaller gambling outlets starts to threaten the casino model. The big picture: Though they still hold most of the cards, look for intensified lobbying from casino execs as online ventures and looser gambling laws continue to chip away at the industry. | Comment!
Mar. 22, 2013, 1:20 PMIs casino growth tapped out in the U.S? Documents filed in the bankruptcy case of Atlantic City's Revel estimates the casino property is now worth only $246M-$331M after costing close to $2.4B. The development follows other news from regional players across the U.S. of casino companies taking market share from each other as saturation becomes a factor. Another fly in the ointment for future brick-and-mortar growth is the tantalizing prospect for online gambling. | 15 Comments
Mar. 12, 2013, 8:17 AM
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