harrahs casino tnThis week’s stock market sell-off has further negatively impacted an already reeling gaming industry.MGM Resorts and Las Vegas Sands were both down about five percent during the two-day period, while Wynn Resorts dropped 2.Gaming Industry Pullback The gaming industry enjoyed a prosperous 2017 where casino stocks hit record highs.winstar world casino my account”Generation Z presents even greater concerns.sorts over.free casino bonus slots

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hollywood casino resortInvestors 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?The current downdraft has a different feel than the sell-off in February.The current downdraft has a different feel than the sell-off in February.intertops casino review trustpilotThe 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.“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.(Image: LVCVA/Getty/Casino.downstream casino to pittsburg ks

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borgata casino atlantic cityorg)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.And the general consensus is that slot machines and table games as they’ve been known for decades might not appeal to such a tech-savvy group.Generation Z presents even greater concerns.The 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.(Image: LVCVA/Getty/Casino.(Image: LVCVA/Getty/Casino.is coushatta casino buffet open