Las Vegas Gaming: Let It Roll
Talk about a winning streak.
Big casino companies turned in a record fourth quarter, capping off a year of booming business -- particularly in Las Vegas -- and strong earnings.
Needless to say, then, the stocks have been on a tear. Since late October, when many casino companies reported sparkling third-quarter results, the Dow Jones U.S. Gambling Index has risen 11%, outperforming both the S&P 500 and the Dow Jones Industrial Average. In 2004, the Gambling Index rose 32%, more than three times the gain of the broader market.
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