“A looming capacity expansion in hotel rooms and casino space, rising gas prices, an uptick in airfares, the possible peaking of the Las Vegas residential real-estate market, and the ongoing risk of global terrorism make the stocks of major casino operators good candidates for shorting.” — Steve Birenberg, StreetInsight.com, Long/Short Investor, 8/24/2005 OK, so I […]
Casino stocks responded negatively to news earlier this week that Boyd Gaming (BYD) was closing its Stardust property on the Strip and would build a new $4 billion development that would contain several hotels, a casino and a convention center. Casino stocks have been strong recently, recovering their sharp losses from last summer when concerns […]
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