5 Top Casino Stocks: What's The Riskiest Bet?
NEW YORK (TheStreet) -- Let's be honest, any real surprises within the casino sector in the second-half of the year will almost surely come from Asia. As it stands, the U.S. domestic market appears to have little luck left.
Because while the risk for U.S. casino hotels has subsided from its peak in 2009, it remains at unsettling levels. IBISWorld holds a risk rating of 5.02 for the sector into 2011, which compares with 6.5 last year. The economy as a whole currently has a risk score of 6. IBIS measures risk across sectors, with 1 being the least risky and 9 having the most risk.
Casino stocks have been fickle over the second quarter, plummeting in May as the euro and other macro-economic concerns weighed on the sector. Since then there has been a significant rally, and these stocks, for the most part, have normalized.
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