Casino stocks Wynn Resorts and Las Vegas Sands are tumbling, while tobacco names including Altria and Philip Morris stumble. One of those names could break out, says Piper Jaffray's Craig Johnson.
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After a casino boom, a Mississippi county deals with a reversal of fortuneIn its heyday, Tunica was one of the nation’s biggest gambling meccas, ranking third after Las Vegas and Atlantic City. But casino revenue has plummeted in the last decade as major casino markets have exploded across the nation. Tunica casinos now employ less than a third than at their peak.
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Supermarket retailer Casino to sell 26 stores to FortressFrench supermarket retailer Casino , which is selling assets to reduce its debt,...
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Messy Manila casino deal is worth the gambleJapanese tycoon Kazuo Okada wants to stop a backdoor listing for Universal Entertainment’s $2.4 bln resort that bears his name. Going public amid a nasty ownership brawl invites extra risks, but the fast-growing Philippine market holds too much promise. Better to roll the dice.
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Here’s how the Fed has driven the stock market since late November, in one chartInvestors and traders always pay close attention to the Federal Reserve, but developments surrounding the central bank have sparked big moves in the stock market eight times since late November, this chart shows.
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