lake tahoe vacation rentals near casinosGaming Industry Pullback The gaming industry enjoyed a prosperous 2017 where casino stocks hit record highs.As I have said multiple times, I start to pay attention when the market cracks its 200-day moving average,” Commonwealth Financial Network Chief Investment Officer Brad McMillan wrote.Whatever the cause, the gaming industry has been one of the worst-performing sectors this year.thunder valley casino bakeryorg)Land-based casinos still haven’t figured out the millennial, a generation that has far less appetite for traditional slot machines than their parents and grandparents.This week’s stock market sell-off has further negatively impacted an already reeling gaming industry.3 percent.poker casino in arizona

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call scarlet pearl casino“Generation Z has arrived, and they’re very different from millennials,” The CenterThe S&P 500 closed below its 200-day moving average on Thursday, which is a key indicator analysts use in evaluating the health of the market.4 percent.seneca niagara casino map”Others say the sell-off is a short-term blip that could fuel another bphone number soaring eagle casinoull market.Whatever the cause, the gaming industry has been one of the worst-performing sectors this year.MGM Resorts and Las Vegas Sands were both down about five percent during the two-day period, while Wynn Resorts dropped 2.boulder station casino bingo

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downstream casino mabageInvestors have paid the price dearly in numerous casino stocks:MGM Resorts has gone from in January to below , a 30 percent lossLas Vegas Sands has gone from in June to , a 32 percent lossWynn Resorts has gone from 0 in May to 6, a 42 percent lossCaesars Entertainment has gone from in January to , a 35 percent lossCorrection or Chaos?“This break of a long-term trend line is definitely something worth noting.“We met with management teams from MGM, Caesars … and come away feeling reassured that recent weakness in the stocks is less a reflection of a change, weakening in underlying fundamentals, and more commonly attributed to technicals and interest rates,” JPMorgan analyst Joseph Greff said in a Tuesday note.Caesars Entertainment, which isn’t invested in Macau and is more reliant on Las Vegas than the other three companies, dove 8.The majority of Generation Z individuals aren’t yet of gambling age, but that isn’t stopping the gaming industry from wanting to better learn about their habits.The majority of Generation Z individuals aren’t yet of gambling age, but that isn’t stopping the gaming industry from wanting to better learn about their habits.free online slots jackpot inferno