4 Gaming Stocks On A Hot Streak
Zacks Investment Research | Dec 06, 2016 02:26AM ET
People keep flocking to casinos enamored by the game of chance, with the aspiration of winning it big and the desire to let loose. Destinations like Las Vegas and Macau are the gambling hotspots. The allure of entertainment and gambling, in both hotels and casinos, has in fact aided these cities form a tourism economy unlike any other place on earth.
Casino players’ properties in Vegas are continuing to cash in on the favorable trends of an improving employment rate and positive tourism numbers for quite some time. However, a tough operating environment in Macau weighed on casino stocks in 2015 and for the most part of 2016.
Things did not look rosy for the casino industry until the mecca of casino gaming – Macau – slowly started returning to life. Gaming revenue in Macau grew on an annual basis in November to register four consecutive months of gains, following the extended slump of over two years.
The positive impact on the industry can be verified by the past four-month return of VanEck Vectors Gaming ETF Zacks Investment Research
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