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Monday, February 11, 2013 2:38:55 PM
5 hours 16 minutes ago - Eteligis
Gambling and casino stocks are very well on the road to recovery after facing economic slump. Recent data showed considerable increase in revenue in Las Vegas. While its December revenue increased 10 percent on a year-over-year basis, its total revenue for the entire year is still miles below its pre-recession highs. The sector is also going through a paradigm shift as online gambling is receiving legal and social acceptance. While emergence of online gambling is expected to greatly boost the fortunes of new companies like Zynga Inc., it is also expected to have some effects on established offline gambling companies such as Boyd Gaming Corp. (NYSE: BYD).
2010 Breeder's Cup Classic champion Blame holding on at the wire to beat favorite and then unbeaten Zenyatta.
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