Word: vegasized
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But U.S. gaming stocks don't reflect any recovery in the U.S. market - at least not yet. This means stocks with big exposure to the U.S. gaming market could be poised to rally. How much and how fast this happens will depend on the speed and scope of the economic...
Companies with big holdings in Sin City will likely see an earlier and faster rally than those that focus on regional markets, analysts say. There have already been signs of improvement in Las Vegas, where traffic has increased in the past four months, although gaming revenue remains flat, says Bill...
Also, the average age of Atlantic City's casinos is 26 years, making it difficult for the outdated gambling houses to compete with newly built ones in nearby states, says Chris Snow, a CFA and senior analyst at CreditSights, an independent credit-research firm. (See 10 things to do in...
Las Vegas won't be affected by the regional casinos, as much of Sin City's traffic comes from conventions and vacation goers and its properties are state-of-the-art megaprojects of a sort that can't be found in other parts of the country, says Snow.
Brashear believes MGM would see the biggest rally from a Las Vegas recovery, with Wynn and Las Vegas Sands also reaping benefits.