No Recovery Coming for Regional Gaming
Earnings from Penn National , Pinnacle Entertainment , Ameristar Casinos , and Caesars Entertainment over the past two weeks show just how challenging the regional gaming market is. Revenue was down at casinos compared to last year, and the only company able to grow were ones adding capacity. To make matters worse, debt is piling up, and the ability to pay for debt diminishes as revenue falls. Travis Hoium covers the industry's problems in the video below.
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The article No Recovery Coming for Regional Gaming originally appeared on Fool.com.Fool contributor Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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