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Casino stocks rally after strong Scientific Games report

Published 07/24/2017, 12:52 PM
© Reuters.  Casino stocks rally after strong Scientific Games report
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  • Investors are snapping shares of casino stocks after Scientific Games (SGMS +22.9%) posted strong Q2 results.
  • Gaming machine sales revenue increased 6% Y/Y for Scientific Games during the quarter, despite no new casino openings. The company's shipments were up 24% in the U.S. and Canada for replacement machines.
  • Notable gainers include Penn National Gaming (PENN +3.5%), Wynn Resorts (WYNN +3.3%), Caesars Acquisition Company (CACQ +2.5%), Caesars Entertainment (CZR +2.4%), Empire Resorts (NYNY +1.9%), Boyd Gaming (BYD +1.7%), Pinnacle Entertainment (PNK +2.2%) and Eldorado Resorts (ERI +1%).
  • Related ETF: BJK.
  • Previously: Scientific Games beats by $0.08, beats on revenue (July 24)
  • Now read: Wynn: Plenty Of Runway Ahead To Hit 0 A Share By Q1 2018 Or Before


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