Cashing Out Casinos in the First Quarter
Virtually all of the major casino operators on my investment radar have reported Q1 results, save for Isle of Capri. As an industry, casinos continue to produce record results, with any hiccups stemming more from local competition than weakness in demand. Overall, I doubt that the general sentiment toward the gaming industry could be any higher, which has unfortunately left no obvious investment values at the moment.
I'd like to discuss the Las Vegas Strip performance and the prospects for Harrah's Entertainment. But first, a few notes on just how hot this market has gotten.
May 18, 2006
Posted By Guy Akers
Staff Editor, CasinoGamblingWeb.com
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