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casino 4 youCaesars Entertainment, which isn’t invested in Macau and is more reliant on Las Vegas than the other three companies, dove 8.4 percent.Gaming Industry Pullback The gaming industry enjoyed a prosperous 2017 where casino stocks hit record highs. Less than 12 months later, most of those gains have been returned.Blame it on last fall’s Strip shooting, ongoing trade war tensions between the US and China, or rising interest rates. The S&P 500 closed below its 200-day moving average on Thursday, which is a key indicator analysts use in evaluating the health of the market.As I have said multiple times, I start to pay attention when the market cracks its 200-day moving average,” Commonwealth Financial Network Chief Investment Officer Brad McMillan wrote. It doesn’t happen that often, and it can be a sign of more trouble ahead.”Others say the sell-off is a short-term blip that could fuel another bull market.Amanda Agati, co-chief investment strategist at PNC Financial Services, said, “I think earnings will be really strong and provide an underlying support for the market and be a positive catalyst. (Image: Shutterstock/Casino.org)Land-based casinos still haven’t figured out the millennial, a generation that has far less appetite for traditional slot machines than their parents and grandparents. Less than 12 months later, most of those gains have been returned.Blame it on last fall’s Strip shooting, ongoing trade war tensions between the US and China, or rising interest rates. twin river casino cruise giveaway 2020

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