40°F
weather icon Clear
Las Vegas, NV
News

Gaming stocks witness instability

By HOWARD STUTZLAS VEGAS REVIEW-JOURNAL
January 30, 2009 - 3:48 pm
 

Volatility marked the gaming sector in January.

Half of the publicly traded casino companies and slot machine makers tracked by Las Vegas financial consultant Applied Analysis saw their average daily share price record double-digit jumps during the month. Last year, many gaming stocks fell to all-time lows.

“Concerns about the national economy persisted,” Applied Analysis partner Brian Gordon wrote in the report Friday. “Speculation of economic stimulus efforts is uncertain. Also during the month, consumer confidence levels dipped to their lowest levels in history, a sign that demand in the leisure industry may be impacted."

Applied Analysis’ Gaming Index fell just 6.17 points in January to close at 223.84, a modest decline compared to several double digit drops the index experienced last year.

MOST READ
Don't miss the big stories. Like us on Facebook.
THE LATEST
Passengers line up based on boarding group numbers to board a Southwest Airlines flight at Oakl ...
What travelers can expect as Southwest Airlines introduces assigned seats
By Rio Yamat The Associated Press

Southwest Airlines passengers made their final boarding-time scrambles for seats on Monday as the carrier prepared to end the open-seating system that distinguished it from other airlines for more than a half‑century.

 
Videos of deadly Minneapolis shooting contradict government statements
By Jim Mustain and Michael Biesecker Associated Press

Leaders of law enforcement organizations expressed alarm Sunday over the latest deadly shooting by federal officers in Minneapolis while use-of-force experts criticized the Trump administration’s justification of the killing, saying bystander footage contradicted its narrative of what prompted it.

MORE STORIES